A report released Wednesday by the Government Accountability
Office says the U.S. is on track to forgive at least $108 billion in
student debt. This is due to the number of people who have enrolled in
plans the Obama administration promoted to help borrowers avoid default.
The GAO report finds the Education Department also understated the cost
of these plans. NPR's Ari Shapiro talks to Danielle Douglas-Gabriel of The Washington Post. Full Article
..and from the Orwellian segment of the media...
Right-Wing Media Slam Student Loan Assistance, Calling It A “Con” And A “Bailout” (FOX)
The Wall Street Journal’s editorial board joined a chorus of
right-wing outlets in blasting the federal government’s income-based
student loan repayment program, calling it a costly “con” meant to “buy
millennial votes.” Yet right-wing media are ignoring the benefits of a
program that could relieve millions of student borrowers of a portion of
their remaining debt and that is still generating a profit.
