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$108 Billion in Student Debt Is Likely to Be Forgiven, Government Says

Wednesday, November 30, 2016 - 13:30

In a report released on Wednesday, the U.S. Government Accountability Office said the federal government would forgive at least $108 billion of student debt in the coming years, an amount higher than expected.
The office also said the Department of Education’s method of forecasting the cost of its income-driven repayment program does not “ensure reliable budget estimates,” because, among other things, it does not factor in inflation.
The report looks at borrowers in such plans, an option created... Continue reading