That’s right, according to the President’s new budget proposal, his student loan forgiveness plans are costing American taxpayers even more than expected. Politico reported yesterday that the $21.8 billion shortfall is, “apparently the largest ever recorded for any government credit program.” Yikes. And since this a government credit program, it will be added on to […]
Recently, President Obama has been touting his various student loan repayment plans, which provide repayment relief to recent graduates who are saddled with mountains of debt. For those who qualify, these plans cap student loan payments at 10% of their monthly income, and provide forgiveness after at least 10 years of timely payments. But what […]
By: Matthew Hawes Yesterday, President Obama announced he would pursue making two years of community college “free” for “anyone who’s willing to work for it.” (One could argue that a college education is already available to anyone who’s willing to work for it, but federal interference has helped drive up costs so astronomically that it’s getting incredibly […]
By: Julian Hassan The architects of Sallie Mae and the financial crisis are trying to convince young people that there is such a thing as good debt: student loans. Yet federal student loans are making young people more broke. They pull us down, not up. We graduate with few professional skills and are not productive enough […]
