ESTIMATE: US Taxpayers May Lose Out on $68 Billion on Federal Student Loans
Posted on 06/08/2021
The big winners of the American student loan industry setup are U.S. colleges and universities (they get paid upfront), while U.S. taxpayers may lose US$ 68 billion on federal student loans based on budget projections. The Biden administration revised its estimate of losses on the federal government’s student loan portfolio by US$ 53 billion. This […]
