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New Calculation Finds Less Savings for Government in Student-Loan Industry's Plan
Published March 8, 2010
The banking industry's bid to keep its central role in the system of federally subsidized student loans may have just gotten a little tougher. The nonpartisan Congressional Budget Office, at the request of Democrats, made another review of the latest alternative the industry proposed to President Obama's plan to end the bank-based loan program. And the budget office concluded the industry plan would save taxpayers about $8.5-billion less than would the Obama administration's plan.
Read more about this at chronicle.com.
New Calculation Finds Less Savings for Government in Student-Loan Industry's Plan
Published March 8, 2010
The banking industry's bid to keep its central role in the system of federally subsidized student loans may have just gotten a little tougher. The nonpartisan Congressional Budget Office, at the request of Democrats, made another review of the latest alternative the industry proposed to President Obama's plan to end the bank-based loan program. And the budget office concluded the industry plan would save taxpayers about $8.5-billion less than would the Obama administration's plan.
Read more about this at chronicle.com.
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