Sen. Enzi: CBO Shows Explosive Growth in Cost of Income Driven Repayment for Student Loans
February 13, 2020
February 13, 2020
WASHINGTON, Feb. 13 -- Sen. Mike Enzi, R-Wyoming, chairman of the Senate Budget Committee, issued the following news release:
The Congressional Budget Office (CBO) released a new report that shows the cost projections for income driven repayment (IDR) plans surging, which will ultimately cost the federal government more than $200 billion over the next decade. The report also found that more than half of the loans are expected to be forgiven, instead of fully repaid. The report was r . . .
The Congressional Budget Office (CBO) released a new report that shows the cost projections for income driven repayment (IDR) plans surging, which will ultimately cost the federal government more than $200 billion over the next decade. The report also found that more than half of the loans are expected to be forgiven, instead of fully repaid. The report was r . . .