April 16, 2024

Biden's Student Loan Cash Bonanza

Diane Kimura

According to a Penn-Wharton study: Biden's new student loan plan will cost taxpayers another $84B, bringing total to $559B.

The biggest winners are 750,000 people with 20 years in repayment.

Their average debt relief is $25,500+ and average household income is $312,000+.

Great. The 67% of the population without degrees and has an average income below $100k/yr is paying off higher education costs for people who cannot manage their own loans at $313k/yr.

Posted by: Timothy Birdnow at 09:50 AM | No Comments | Add Comment
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