Bill for student-loan cancellations comes in -- nearly $3,100 per household

"The Congressional Budget Office (CBO) has updated its baseline estimates of how much the federal student loan program will cost taxpayers, and the numbers aren't pretty. The latest official estimates show that taxpayers will spend $393 billion on the federal student loan program between 2024 and 2034, or around $3,100 per household," advises a new analysis from Preston Cooper, who covers policy issues for Forbes.