Report: Taxpayers Face $400B Hit On Bad Student Loans
PYMNTS
NOVEMBER 22, 2020
The figure, which approaches banks’ losses during the 2008 sub prime mortgage crisis, resulted from an analysis performed by the U.S. The analysis’s bottom line, according to the Journal, was that borrowers who owe a combined $1.37 trillion in principle and interest will repay about $935 billion.
Let's personalize your content