‘Money-Losers’: Student Loan Costs Have ‘Exploded’ Over the Last Decade to $340 Billion More Than Projected
Student loan repayments and interest were projected to generate $135 billion for the federal government — but ten years later, that’s not how things have shaped up.
The cost of federal student loan programs has “exploded” in the last ten years, transforming them from what was expected to be a “money-maker” for taxpayers to a “significant money-loser” for the federal government, according to a fiscal watchdog’s new report.
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