Joe Biden Announce $10,000 student loan forgiveness program

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President Joe Biden could announce broad student loan forgiveness as soon as Wednesday.

Image Credit : depositphotos

The Loan cost approximately $300 billion

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A one-time, wide-spread federal loan cancellation (with an income cap) in 2022 would cost around $298 billion,

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If loan forgiveness is extended over the new decade, the cost would be an additional $3.5 billion a year for new eligible Students , or around $329 billion total

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If loan forgiveness is extended over the new decade, the cost would be an additional $3.5 billion a year for new eligible Students , or around $329 billion total

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