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

The Hill - News

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.

Hence then, the article about biden administration estimates student loan plan will cost 379b was published today ( Friday 30/09/2022 - 04:56 AM ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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

Last updated : 30 September 2022 clock 04:56 AM

Also on site :

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

The Body Part Most Women Ignore Until They Think It's Too Late

Bucks list Antetokounmpo as questionable for Saturday’s game as he nears return from calf strain

Coffee Maker Pod Explosions: Burn Injury Claim Help

Families of Syrian Civil Defense martyrs and wounded honered in Idleb

Do Donald Trump’s strikes in Nigeria serve any purpose?

Alabama reserve DB announces transfer portal plans after 2 seasons with Crimson Tide

Sit Lamar Jackson in Fantasy Football Championships Plus More QB Start/Sit

These 19 Preppy Ralph Lauren-Looking Pieces Nail East Coast Style — From $7

RT explores Russia’s Soviet Christmas ornament revival (VIDEO)

Southern California records its wettest Christmas Eve and Day ever

David Spade Spent ’25 Years’ Getting His ‘Hero’ Eddie Murphy to Forgive Him For ‘SNL’ Roast: ‘Super Fan to Having Him Hate Me Overnight’

What time to the Bears play? Details on Sunday's game against the 49ers

Muere mujer tras ser baleada por vecino que practicaba tiro en el patio de su casa en Oklahoma en Navidad, según la Policía

Hove snowsport charity featured on Radio 4

Iran's Pezeshkian calls Western pressure a “full-scale confrontation”