An analysis from the University of Pennsylvania's Penn Wharton Budget Model found that Biden's income-driven student loan repayment program may cost upwards of $559 billion over ten years.
Biden's earlier student debt relief plan, which proposed $10,000 debt relief for low-to-middle-income borrowers and $20,000 for Pell Grant recipients, was deemed unconstitutional by the Supreme Court in a 6-3 ruling.
