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What Student Debt Forgiveness Will Cost

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USA Today: “The White House said Friday that President Joe Biden’s action to cancel student loan debt for millions of borrowers will cost the federal government $240 billion over the next decade after refusing to give a cost estimate earlier in the week.”

Not everyone agrees: “Other outside analysts said the price tag is much higher — especially when factoring in a new income-based loan repayment model outlined by the president.”

Washington Post: Student debt forgiveness application coming in October.

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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