Biden administration estimates student loan plan will cost $379B ...Middle East

President Biden’s student loan forgiveness plan is expected to cost the federal government $379 billion, according to a new estimate from the U.S. Department of Education released on Thursday. Over the next decade, the one-time debt cancellation of up to $20,000 is estimated to cost about $30 billion a year, the Department of Education found. However, the Department noted that its estimate is based on “highly uncertain assumptions about future economic conditions and participation rates.” The Department of Education’s estimate is not substantially far off from that of the Congressional Budget Office (CBO) released on Monday. The CBO report put the total cost at around $400 billion.

Read More Details
Finally We wish PressBee provided you with enough information of ( Biden administration estimates student loan plan will cost $379B )

Also on site :

• Legendary Hard Rock Band Racks Up the Heavy Metal as Iconic Album Hits Sales of 20 Million
• EU says Israeli strikes in Gaza 'go beyond what is necessary' to fight Hamas
• 7UP Confirms Return of Limited-Edition Flavor That Once Flew Off Shelves