Opinion | The Cost of Biden’s Student Loan Write-off: $420 Billion

Now they tell us. We’re referring to the Congressional Budget Office, which finally rolled in Monday with its cost estimate for President Biden’s unilateral student-loan write-down: $420 billion.

The Democrats who run Congress didn’t even ask for CBO’s estimate despite the huge claim on taxpayer dollars. They simply abdicated their power of the purse to the President. But the ranking Republicans on the House and Senate education committees inquired, and CBO director Phillip Swagel responded in a letter with the horrifying political math.