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https://i-invdn-com.investing.com/trkd-images/LYNXMPEI8T00G_L.jpgThe Congressional Budget Office (CBO) said this week that Biden’s plan to cancel some student loan debt will cost $400 billion.
Biden said in August the U.S. government will forgive $10,000 in student loans for millions of debt-saddled former college students, keeping a pledge he made in the 2020 campaign for the White House.