Jeremiah Poff is an education and culture reporter for the Washington Examiner. A Virginia native, he previously worked for the Cardinal Newman Society, the Department of Education, and the College Fix. He graduated from Franciscan University of Steubenville in 2019 with a degree in journalism and a minor in human life studies.
The Biden administration says its latest student loan forgiveness means the administration has discharged some $127 billion in federal student loans, but some conservatives are saying the true price tag is much higher.
The number includes several waves of forgiveness, most of which have been enacted through adjustments to the PSLF and IDR programs. The administration also canceled a wide swath of loans by settling a lawsuit brought by a group of students who attended for-profit colleges. The institute says it classifies"forgone revenue" as all of the money that student loan forgiveness has cost the federal government. The tracker includes efforts to cancel loans through the PSLF and IDR programs, but also factors in lost revenue from the pause on student loan payments, which saw interest on loans waived for more than three years.
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