U.S. officials now project the federal student-loan program will cost taxpayers tens of billions of dollars in coming years
WASHINGTON—U.S. officials no longer think the government will make money off the federal student-loan program and now project it will cost taxpayers tens of billions of dollars in coming years, according to a new congressional estimate.
The program is losing money after a surge of borrowers defaulting on loans or enrolling in plans that ultimately will forgive a portion of their debt.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Wall Street Journal: McKinsey hired to review federal student loan programThe Trump administration is retaining the consulting firm McKinsey to assess the federal student loan portfolio as the government weighs selling off some of the debt to private investors, The Wall Street Journal reports
Weiterlesen »
Should student loan debt be canceled?The rising cost of education and the increasing necessity of a college degree in many professions have led to an explosion in student loan debt in the U.S. Sen. Elizabeth Warren has proposed the most radical measure: an aggressive proposal to tackle the problem by canceling $1.25 trillion in student
Weiterlesen »
Trump Administration Hires McKinsey to Evaluate Student-Loan PortfolioThe Trump administration has retained private consultants to estimate potential losses in the U.S. government’s $1.45 trillion student-loan portfolio and is weighing selling all or portions of the debt to private investors.
Weiterlesen »
99% Of Borrowers Rejected Again For Student Loan ForgivenessMore than 99% of borrowers were rejected for student loan forgiveness.
Weiterlesen »
Opinion | Canceling Student-Loan Debt Is a Bad IdeaOpinion: “I agree with Elizabeth Warren that we need to address the skyrocketing tuition costs at American universities. But complete student-loan debt forgiveness is not the solution.”
Weiterlesen »
99% Of Borrowers Rejected Again For Student Loan Forgiveness99% of borrowers have been rejected again for student loan forgiveness
Weiterlesen »
99% Of Borrowers Rejected Again For Student Loan ForgivenessThe latest student loan debt statistics show that more than 99% of people who applied for public service loan forgiveness have been rejected
Weiterlesen »
Tesla rolls out employee loan benefit as factory workers cope with unpredictable hoursTesla rolls out employee loan benefit as factory workers cope with unpredictable hours
Weiterlesen »
Elizabeth Warren's student loan debt calculator tells you how much of your debt could be canceled if she's president'Give it a try & tell us how much of your student loan debt will be cancelled,' the senator tweeted.
Weiterlesen »
Charlie Munger: Be afraid when a democracy thinks it can print money to solve all its problemsCollege in America is expensive. Students graduate with an average of $37,172 in student loan debt, the country as a whole has more than $1.5 trillion of it and Americans are becoming less convinced that a four-year degree is worth the cost. Watch this video to learn how higher education became big business, hear from students facing mounting debt and explore how we might be able to solve the student debt crisis.
Weiterlesen »
'I could actually plan my life': What student debt forgiveness would mean for borrowersWhen Elizabeth Warren released her sweeping student debt forgiveness proposal last month, many borrowers imagined how their lives would transform if their loan balance shrunk or disappeared. CNBC spoke with people about how Warren's proposal would change their circumstances.
Weiterlesen »