"The student loans owed to the Federal government – over $1.6 trillion dollars and growing – are shown as assets on the government’s books.
The Government Accounting Office (GAO) did a deep dive into the recent actual Direct Loan repayment history at the request of Congress persons.
The purpose of the report, released last month, is stated here:
“This report examines how and why Education’s Direct Loan cost estimates have changed over time. A forthcoming report will examine government and private sector estimation methods and Education’s approach to estimating Direct Loan costs.”
Guess what? – the government has consistently over-estimated how much student loan debt would be repaid."