Hard Lessons From the Federal Student-Loan Program’s Coming $36 Billion Shortfall

Mony
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U.S. officials have long maintained the federal government would make a profit on its $1.4 trillion student loan portfolio or at least break even, but two recent reports suggest just the opposite will be the case. Government lending to college and graduate students could soon become an immense drain on federal coffers, worsening an already deteriorating U.S. budget picture.

The Education Department’s inspector general, an agency watchdog, in a reportreleased last week said the profitability of the U.S. federal student lending…

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