Families making over $300,000 are biggest recipients of Biden student loan relief
EverettChris
Member Posts: 4,478
Helping the little guy as always. More available funds for these debt dodgers to donate to Democrats, however.
President Biden’s latest student loan cancellation plans will increase the total cost to taxpayers to a whopping $559 billion and benefit households earning more than $300,000 in annual income the most, according to a new study.
The University of Pennsylvania’s Penn Wharton Budget Model estimates that several new student loan debt cancellation provisions announced by the Biden administration last week will cost taxpayers $84 billion over 10 years.
The $84 billion figure is in addition to the $475 billion in projected costs over a decade for Biden’s Saving on a Valuable Education (SAVE) Plan – an income-driven repayment scheme that the 81-year-old president rolled out last summer.
Comments
How many Ducks are honestly making over 300k?
Phil Knight?
Honestly?
Gonna go out on a limb here and just guess that Detroit, Milwaukee and Phoenix will have more forgiveness per capita than St Louis.
Free to buy. Free to not buy.
In most places, 300,000 makes you a two or three percenter.