Sen. Enzi: CBO Shows Explosive Growth in Cost of Income Driven Repayment for Student Loans
February 14, 2020
February 14, 2020
WASHINGTON, Feb. 14 -- Sen. Michael B. Enzi, R-Wyoming, 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 requested by Senate Budget Committee . . .
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 requested by Senate Budget Committee . . .