tag:blogger.com,1999:blog-35777384.post4991819796502225071..comments2024-03-26T13:58:01.822-07:00Comments on The Dangerous Economist: Federal Student-Loan Program Cost Estimate Was Off By $311 Billion, Government Watchdog Says Cyril Moronghttp://www.blogger.com/profile/07148864847009186694noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-35777384.post-45542798378698767042022-08-13T08:59:48.975-07:002022-08-13T08:59:48.975-07:00Willy, I don't know what percentage don't ...Willy, I don't know what percentage don't pay back their loans. But it is enough that the Feds are losing money. I recall seeing numbers on how many are in default. Maybe one of my other posts has info like that. See the links at the endCyril Moronghttps://www.blogger.com/profile/07148864847009186694noreply@blogger.comtag:blogger.com,1999:blog-35777384.post-65941770892481295632022-08-13T08:57:29.287-07:002022-08-13T08:57:29.287-07:00Yes, I think that is what it means. Thanks for rea...Yes, I think that is what it means. Thanks for reading and commentingCyril Moronghttps://www.blogger.com/profile/07148864847009186694noreply@blogger.comtag:blogger.com,1999:blog-35777384.post-35992259831184594162022-08-13T08:54:36.339-07:002022-08-13T08:54:36.339-07:00"The GAO analysis found the loans wouldn’t ma..."The GAO analysis found the loans wouldn’t make money, but actually cost the government $8.88 per $100 in loans."<br /><br />This extrapolation says the government is willingly taking a loss on loans that people aren't going to pay back en masse?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35777384.post-77537738044220851372022-08-13T08:52:28.811-07:002022-08-13T08:52:28.811-07:00$100 costs the government $8.88 but it still makes...$100 costs the government $8.88 but it still makes loans? It sounds like many take loans but the vast majority do not pay back or perhaps the debt is forgiven which makes up the loss?Willynoreply@blogger.com