Moronic BS From The Feds And Fox News —- Student Loan Forgiveness!!!!

suyts space


Well, this is an article I wouldn’t generally post about, mostly because it’s ground well trodden. But, there’s a bit in the article I want to highlight —– mostly because the well trodden ground seems to be an un-blazoned trail for some imbeciles.

Yes, here’s some shock news!!!!!

Taxpayers getting an education? Obama student loan forgiveness program swells by $22B

The cost of President Obama’s student loan forgiveness program has ballooned by nearly $22 billion over initial projections, raising alarm among budget hawks — even as the government promises taxpayers eventually will come out ahead.

The figure was included in Obama’s recently released budget proposal.

In budget-speak, the Department of Education summary said: “The 2015 amount includes a net upward reestimate of $21.8 billion, primarily related to revised interest rates and increased participation in income-driven repayment plans.”

In other words, swelling enrollment due to looser loan rules is driving up…

View original post 529 more words

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s