Biden’s legally dubious “income-driven repayment” rules make most student loans forgivable after payments capped at just 5% of income above 225 percent of the federal poverty level. This year, 225 percent of the federal poverty level is $70,200 for a family of four.

Now we have an official score of what this means for taxpayers from the Congressional Budget Office: 10-year losses of $400 billion:

We’re hopeful the same Supreme Court that ruled against Biden’s last wholesale student loan bailout may veto this one too. But will Biden openly defy the Court again?

It’s clear Liberals think they can buy a lot of votes from young deadbeat borrowers with $400 billion.