Some of the nation’s top universities and colleges may benefit from President Joe Biden’s $300 billion student loan debt handout, after reports reveal they have spent millions lobbying for education policies, including student loan handouts.
On Wednesday, President Joe Biden announced a plan to cancel $10,000 of student loan debt for low- and middle-income American families. Analysis from the Penn Wharton Budget Model reported that this could result in a $300-$900 billion increase in taxes over the next few years.
