Government losses on student loan debt climb above $100 billion amid pause on payments

Gabriel Rubin  |  January 13, 2022

By Gabriel Rubin, includes “The pause in student-debt repayment has cost the federal government more than $100 billion since the start of the pandemic and could cost $4 billion to $5 billion a month until the moratorium is lifted at the beginning of May, according to government estimates. … Among the documents requested is an internal report commissioned by Betsy DeVos, former education secretary under the Trump administration, that showed a far more dire picture of taxpayers’ exposure to student-loan defaults than the one presented by the government.”

Read the full article on: The Wall Street Journal

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