Meet the Americans Paying for Biden's Student Loan Forgiveness Program
The president's program is giving American workers a chance to live vicariously through the students they are paying to go to college. Touching. Inspiring. Motivating.
The Penn Wharton Budget Model (PWBM) released a policy report on Tuesday that estimated the total cost of $10,000 in debt cancellation for borrowers making less than $125,000 per year would be $329.1 billion over 10 years. There were just under 158 million taxpayers in 2019 according to the IRS, meaning that the average cost of debt cancellation is $2,0…
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