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Report: Biden’s New Debt Relief Plan Estimated to Cost $84 Billion

 

Biden’s student loan forgiveness plan for 26 million Americans estimated to cost $84 billion over 10 years. Combined with income-driven repayment plan, total cost reaches $559 billion. Interest waiver for borrowers earning under $120,000 costs $58 billion. SAVE program estimated to cost $475 billion over 10 years.

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