We estimate President Biden’s newly proposed Income-Driven Repayment (IDR) Plan will cost between $333 to $361 billion over the 10-year budget window, more than twice as much as the cost estimate released by the Biden Administration. These costs are in addition to the one-time cost of direct loan fo| 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
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