Hillary's costly program for student loan forgivemess
Posted: Tue Nov 01, 2016 5:47 pm
https://www.americanactionforum.org/ins ... rgiveness/
Contrary to the administration’s stated objective, the new regulation only provides vague standards that vastly expand the grounds upon which a student borrower can sue for federal loan forgiveness. Moreover, the OMB has failed to provide a precise economic impact analysis so that policymakers can properly evaluate the proposal. In short, the new Borrowers Defense to Repayment regulation will likely cost taxpayers a small fortune by paving a new yellow brick road to federal student loan forgiveness.
Contrary to the administration’s stated objective, the new regulation only provides vague standards that vastly expand the grounds upon which a student borrower can sue for federal loan forgiveness. Moreover, the OMB has failed to provide a precise economic impact analysis so that policymakers can properly evaluate the proposal. In short, the new Borrowers Defense to Repayment regulation will likely cost taxpayers a small fortune by paving a new yellow brick road to federal student loan forgiveness.