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

4 years ago
Read Time: 0 minute
by Eman
Leave a comment

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.

0 0 vote

Article Rating

Eman

0 Comments

Inline Feedbacks

View all comments

Mortgage Rates Near All-Time Lows To Begin 2021

The American People Are Just Too Stupid To Be Governed?

For The Record, Not Just Money Elite

This Is FineUnprecedented Times

Deal: 15% Off Target Gift Cards December 5th – 6th

Achievement Unlocked: Paying Utility Bills With Credit Card

By Now In 2020 It’s Very Clear

Quickest and Most Realistic Way For Average Person to Achieve Financial Independence

Financial ImmolationHow I Incinerated $43,589 And How You Can Too

Reclaim Lost Menards Rebate Checks

The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90%

Calculating Savings Rate

Money Elite Credit Card Arsenal: Chase Sapphire Preferred

The Hacking Of The American Mind

Institutional Money Will Drive Cryptocurrency Higher

Giant Reverse Robin Hood

Your Responsibility To Society

Banking Sign Up BonusesHow I Earned $2,000 Opening Bank Accounts Without Really Trying

Money Elite Credit Card Arsenal: Discover It

Remove Chicago 911 Surcharge on Phone Bill

Nearly 1 in 4 millennials report having $100,000 or more in savings

How A Family Saved $625 On Their Refinance With An Appraisal Waiver

The Man

How I Saved $2,590 On My Internet Bill Over The Years

Mortgage Free Or Making Your Money Elite

Household Wealth Of Homeowners

Average Net Worth Of Millennials By Age

Clearly He Cannot Lose

Haven’t Been This Stimulated In Over Ten Years

Mo Degrees, Mo MoneyWhy I Make More Than The Average American

Crony Capitalism

The World’s Centibillionares

Credit Card ChurningHow I've Made Over $8,000 In Credit Card Signup Bonuses

What Helped Drive The Market Higher In 2020

Saving Thousands of Dollars From Refinancing My Mortgage

Deal: Free Target $20 Gift Card with $100 Apple Gift Card Purchase

What I Paid For My College Degree

Greater of Two Evils

Get Your Cut Of The $650M Facebook Settlement

Timing The Stock Market

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

Share this:

Like this:

Eman