President 's plan to forgive at least $10,000 in student loans has divided Americans and even members of his own , raising tough questions about the scheme's cost, popularity and even over its legality. The has not yet stated what the overall cost of the debt write-off will be, but estimates start in the region of $300 billion and some even exceed $1 trillion, making it one of the costliest executive actions in history. This raises troubling questions about how the scheme works, how much it will really cost, who will pay for it, whether the American public wants it, and even whether Biden is exceeding his powers as president.
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