U.S. officials now project the federal student-loan program will cost taxpayers tens of billions of dollars in coming years
WASHINGTON—U.S. officials no longer think the government will make money off the federal student-loan program and now project it will cost taxpayers tens of billions of dollars in coming years, according to a new congressional estimate.
The program is losing money after a surge of borrowers defaulting on loans or enrolling in plans that ultimately will forgive a portion of their debt.
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