Day: August 25, 2022

Biden’s Student Loan Write-off Plan Will Cost Over a Trillion Dollars, Not $300 Billion

Yesterday, Joe Biden announced a plan to write off $10,000 in student loans for most people who haven’t paid off their student loans — and $20,000 in student loans for people who received Pell Grants. Biden’s plan will increase inflation, inequality, tuition, and the national debt. News articles have estimated the cost of Biden’s plan […]

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Five Problems with Biden’s Student Loan Forgiveness Plan (And What To Do About Them)

The Biden administration just announced its long-anticipated student loan forgiveness plan. The plan would forgive $10,000 for borrowers making less than $125,000 per year ($250,000 if married) and $20,000 for Pell grant recipients. On the bright side, the Biden plan could have been worse, such as wiping out all debt with no income restrictions. But […]

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