Democratic politicians usually declare that the federal authorities makes a revenue on student loans. However, the most recent launch from the Congressional Budget Office (CBO) reveals that the reality of that assertion is determined by the way you slice the numbers. Using fair-value accounting, which includes the massive dangers that taxpayers take when lending to…
Tag: OpEd
The History of Student Loan Interest
Image by ralph and jenny through Flickr This week, I reached a reasonably important milestone: I lastly paid off my undergraduate student loans. Hold the champagne: I now get to plug away at graduate loans that are a lot larger. Don’t learn an excessive amount of into that, it isn’t a grievance in the actual…
Now For The Really Bad News
United States Capitol constructing (Photo credit: Bernt Rostad) At this level readers are effectively conscious of the numbers behind student loan debt. As the price of a university diploma has risen, whole debt has soared; $1 trillion the most recent quantity. $1 trillion has predictably led to a whole lot of hand wringing, however as…