President Biden’s plan to cancel some student loans for some people has a nearly seven billion-dollar price tag in Wisconsin.
The Department of Education yesterday said there are just over 685 thousand people in Wisconsin who would qualify for his loan cancellation. At 10 thousand-dollars a piece, the price tag comes to six-point-eight billion-dollars. The costs will likely be much higher, though.
The Department of Ed says there are over 400 thousand people who qualify for the 20 thousand-dollars in Pell Grant loan cancellations as well.
