Document:

Wall Street Journal, 1/4/11

Summary:

News article reviewing federal budget documents indicating that even defaulted student loans cost the government little. Indeed, "for fiscal 2011 ending in September, the federal government expects gross recovery of between $1.10 and $1.22 for every dollar of defaulted student loans." After paying for the collection, the federal government expects to recover 85% of the defaulted dollars.

Posted
AuthorKeith Blakeman
CategoriesMedia Coverage