President Joe Biden is expected to announce $10,000 of student loan “forgiveness” for low- and middle-income Americans earning less than $125,000 on Wednesday. While the move is ostensibly to give lower-income Americans a lift in Biden’s recession, a closer look at the numbers shows it will disproportionately aid those who are better off.According to an analysis of Biden’s plan from the University of Pennsylvania out Tuesday, such a wide-ranging bailout will come with a price tag of $300-$980 billion for American taxpayers. Furthermore, the university calculated, “Between 69 and 73 percent of the debt forgiven accrues to households in the...