A counter-argument put forward by politicians like Sanders and the New York representative Alexandria Ocasio-Cortez is that Republican tax cuts have cost the government more money than would student loan forgiveness. These claims are correct. Estimates of the cost of the Republican Tax Cuts and Jobs Act of 2017 vary. But the most recent and reliable numbers come from the Congressional Budget Office (CBO), which is the federal agency whose job it is to provide budget information to Congress.
https://www.theguardian.com/news/datablog/2019/jun/30/student-debt-loan-forgiveness-bernie-sanders
