by Capitalist Union Editors • July 1, 2013 • News Archive • Comments Off on Between Obama Loan Forgiveness & Unaccountable College Help, Student debt is well over a trillion dollars and rising. • 1223
Neither the Obama administration nor Republicans want the 6.8% rate to stick. Even if it does, it would apply only to new loans.
Between fiscal year 2013 and fiscal year 2020, the federal government could lose $100 billion through federal student loan programs.
Student loan debt in the U.S. is second only to mortgage debt, ringing in at $1.1 trillion, and delays the accomplishment of many important life markers.
Obama Plans to Expand Student Loan Forgiveness,Billions of dollars in student loans could be forgiven over the next decade.
