Tornado Alley (PROG)

[B402]

If student loans are such a big problem (and they are), why not address the corporate structure ruining them.....An awful lot of money made on student loans especially getting paid off.........So nothing changes for future student loans.......Makes zero sense

https://www.cbsnews.com/news/student-loan-forgiveness-income-driven-repayment-plan-biden-administration/

What is the projected cost to taxpayers?

Overhauling IDR plans could cost as much as $190 billion, according to the Committee for a Responsible Federal Budget, a public policy group that pushes for lower government debt.

The group called the proposal "costly and flawed" in a statement on Tuesday. Among its criticisms, aside from the program's price tag, is that it could ultimately drive tuition costs higher and encourage more Americans to take out loans to fund their college education.

The public may comment?on the Biden administration's proposal at the Regulations.gov website for 30 days.