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Biden Student Loan Changes to Cost Twice as Much as Administration Estimates

The department’s cost estimates unrealistically assume that no additional students will tap the more generous and easily accessible new program.

AP/Evan Vucci
President Biden and the education secretary, Miguel Cardona, in the Roosevelt Room of the White House. AP/Evan Vucci
SCOTT NORVELL
SCOTT NORVELL

An independent analysis of President Biden’s proposed changes to the federal student loan program estimates that they will cost more than two times as much as administration officials claimed when they announced the initiatives weeks ago.

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SCOTT NORVELL
SCOTT NORVELL

Mr. Norvell is National Editor of The New York Sun.

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