Obama has quietly been putting in place a plan to forgive a big chunk of student loans. Well, the bill's come due and American taxpayers are getting stuck with roughly $108 Billion in bad student debt from it.
http://www.msn.com/en-us/news/us/the...cid=spartandhp
One more bend over and take it from the emperor of bend over and take it.
http://www.msn.com/en-us/news/us/the...cid=spartandhp
Barack Obama’s expansion of the student-loan repayment program, intended to help curb America’s $1.26 trillion pile of outstanding college debt, is proving a lot more costly.
In a 100-page report (pdf) released today, the Government Accountability Office said it’d forgive $108 billion in debt for the borrowers of government loans who have fulfilled their obligations under the Obama administration’s income-driven repayment plans. That number is much higher than what the US government originally expected.
In a 100-page report (pdf) released today, the Government Accountability Office said it’d forgive $108 billion in debt for the borrowers of government loans who have fulfilled their obligations under the Obama administration’s income-driven repayment plans. That number is much higher than what the US government originally expected.
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