Student Loan Forgiveness: Uncle Sam’s Generosity Will Cost Much More than Previously Estimated

[rangerrebew]

Student Loan Forgiveness: Uncle Sam’s Generosity Will Cost Much More than Previously Estimated
Dec 16, 2016George Leef5 Comments


When politicians and Education Department bureaucrats began designing policies to lessen college students’ federal loan burdens, they weren’t concerned much with the cost to the taxpayers. Their imperative was coming up with popular and ostentatious ways of helping indebted students; exactly how much doing so would drain the Treasury was of little consequence.

At the urging of Senate Budget Committee Chairman Mike Enzi, the Government Accountability Office (GAO) undertook an analysis of the probable costs of the government’s various loan repayment and forgiveness programs. The GAO’s report was released on November 30. It concludes that the cost of the programs can’t be calculated exactly, but will be more than twice what had been originally expected for student loans made in the years 2009-2016.

http://www.popecenter.org/2016/12/student-loan-forgiveness-uncle-sams-generosity-will-cost-much-previously-estimated/

[GtHawk]

Student Loan Forgiveness: Uncle Sam’s Generosity Will Cost Much More than Previously Estimated
Dec 16, 2016George Leef5 Comments


When politicians and Education Department bureaucrats began designing policies to lessen college students’ federal loan burdens, they weren’t concerned much with the cost to the taxpayers. Their imperative was coming up with popular and ostentatious ways of helping indebted students; exactly how much doing so would drain the Treasury was of little consequence.

At the urging of Senate Budget Committee Chairman Mike Enzi, the Government Accountability Office (GAO) undertook an analysis of the probable costs of the government’s various loan repayment and forgiveness programs. The GAO’s report was released on November 30. It concludes that the cost of the programs can’t be calculated exactly, but will be more than twice what had been originally expected for student loans made in the years 2009-2016.

http://www.popecenter.org/2016/12/student-loan-forgiveness-uncle-sams-generosity-will-cost-much-previously-estimated/

When are these folks so generous with other people's money going to advocate giving a boatload of cash to those of us who have spent a lifetime working hard and paying all our debts?