The Feds Have No Idea What Student Loan Forgiveness Will Really Cost Us
The feds predict more than $100 billion in loan forgiveness—but auditors say that estimate is unreliable.
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The Obama administration, presenting itself as an ally to student debtors, has worked to make the federal student loan program more generous to them and argues that its efforts will mean more than $108 billion in student debt will eventually be forgiven.
But faulty assumptions underlying that figure suggest there's little reason to trust it.