We estimate that President Biden’s recently announced “New Plans” to provide relief to student borrowers will cost $84 billion, in addition to the $475 billion that we previously estimated for President Biden’s SAVE plan. Moreover, some debt relief in the New Plans accrues to borrowers in households| Penn Wharton Budget Model
Editor’s Note: The following article was originally published by Cato Institute on September 3, 2024. With edits to match MTC’s style, it is crossposted here with permission. Note, this post updates last month’s post. The biggest changes from last month include: The Supreme Court has let the Eighth Circuit’s pause on the SAVE plan remain in place. Reworked the student […]| Minding The Campus
Missouri Attorney General is once again challenging a federal plan to cut back on student debt, this time filing against the SAVE Plan.| Missouri Independent
Editor’s Note: The following article was originally published by Cato Institute on August 1, 2024. With edits to match MTC’s style, it is crossposted here with permission. Note, this post updates last month’s post. The biggest changes from last month include: the 8th Circuit Court of Appeals halting the Saving on a Valuable Education (SAVE) plan; added insights from Jason […]| Minding The Campus