Analysis: Biden's Student Loan Forgiveness Will Cost Half a Trillion Dollars

Contributing sentiments towards policy:

54% : Combined with today's announcement, the federal government's actions on student loans since the start of the COVID-19 pandemic have cost roughly $800 billion.
50% : President Biden on Wednesday announced his plan to forgive a portion of student loan debt for those earning less than $125,000 per year.
50% : According to the Committee for a Responsible Federal Budget, Biden's plan will cost taxpayers roughly half a trillion dollars: President Biden today announced a set of changes to student loans - including cancellation of up to $20,000 for some borrowers - that will cost between $440 billion and $600 billion over the next ten years, with a central estimate of roughly $500 billion.
45% : Further, Biden's continued pause on student loan payments, which now extend through the end of the year, will add another $20 billion.
35% : "What do you think?" WATCH: Sen. Elizabeth Warren (D-MA) -- a champion of canceling student loan debt -- had a similar moment while on the campaign trail in 2020, dismissing a father who questioned her sweeping plans to forgive student loan debt.
34% : Biden's so-called 'canceling' of student debt really means: Americans who already paid off their debt, worked through college, went to a trade school, or chose to not go to school will pay off the loans that other people incurred.

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