The Federal Student Loan Program Was Supposed To Pay for Itself. Now, It’ll Cost Taxpayers $197 Billion

The Federal Student Loan Program is often criticized as a source of revenue for the federal government. But a new report from the Government Accountability Office (GAO) shows that the present situation can’t be further from the truth.  When the Federal Direct Student Loan Program began in 1994, the Department of Education estimated that it would generate […]