healthmyths
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- Sep 19, 2011
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Biden continues paying off successful young voters: Sorry, I mean “forgiving student debt.”
Biden this week paid off another $7.4 billion in student loans, making his total student loan cancellation something like $153 billion.
And by cancellation, I mean tax dollars were used to make the ledger go to zero. How much exactly?
From Penn Wharton’s analysis: “We estimate that President Biden’s recently announced ‘New Plans’ to provide relief to student borrowers will cost $84 billion, in addition to the $475 billion that we previously estimated for President Biden’s SAVE plan.” But that goes to really needy people, right?
Well, actually, at least 750,000 of those households are “making over $312,000 in average household income.
www.thefp.com
Biden this week paid off another $7.4 billion in student loans, making his total student loan cancellation something like $153 billion.
And by cancellation, I mean tax dollars were used to make the ledger go to zero. How much exactly?
From Penn Wharton’s analysis: “We estimate that President Biden’s recently announced ‘New Plans’ to provide relief to student borrowers will cost $84 billion, in addition to the $475 billion that we previously estimated for President Biden’s SAVE plan.” But that goes to really needy people, right?
Well, actually, at least 750,000 of those households are “making over $312,000 in average household income.
![www.thefp.com](https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3ac25ea-1b71-4da0-bcee-8c27d5fd159d_1024x768.jpeg)
TGIF: WWIII May Come Tomorrow, But
. . . Google remembers it's a workplace. NPR is the gift that keeps on giving. Why does Kari Lake sound reasonable on abortion? And much more.
![www.thefp.com](https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F4418840a-9b89-4c7d-bc80-3f112aefd080%2Ffavicon-16x16.png)