Student Loan Losses Seen Costing U.S. More Than $400 Billion

4 years ago
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WSJ News Exclusive | Student Loan Losses Seen Costing U.S. More Than $400 Billion

Projected toxic debt approaches subprime-mortgage losses incurred by lenders during financial crisis

The Education Department, with the help of two private consultants, looked at $1.37 trillion in student loans held by the government at the start of the year. Their conclusion: Borrowers will pay back $935 billion in principal and interest. That would leave taxpayers on the hook for $435 billion, according to documents reviewed by The Wall Street Journal.

$435 billion loss divided by 331 million Americans would come out to about $1,300 a person.

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Student Loan Losses Seen Costing U.S. More Than $400 Billion

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