President 's new student loan forgiveness plan based on income-driven re-payments will cost taxpayers $475 billion over the next ten years, an economic model has predicted.The lays out the sum of one of Biden's new pushes to give millions of Americans debt relief - after the struck down his first plan two weeks ago.A conservative estimate sees the program costing as little as $390.9 billion over a decade, while the maximum projection puts the bill at $558.8 billion.
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