Growing Federal Subsidies for Graduate Loan Debt
Almost half of federal student loans are being repaid through more generous income-driven repayment plans, new data show, with 80 percent of government subsidies now going to graduate student borrowers.
Trump Budget Public Health Fact Sheet
CBO Shows Explosive Growth in Cost of Income Driven Repayment for Student Loans
WASHINGTON, D.C. – The Congressional Budget Office (CBO) today released a new report that shows the cost projections for income driven repayment (IDR) plans surging, which will ultimately cost the federal government more than $200 billion over the next decade. The report also found that more than half of the loans are expected to be […]
The Trump Budget for 2021: A Budget for the 1 Percent – A Chartbook
Budget Committee Democrats Express Frustration Over Lack of Hearing on President’s Budget
WASHINGTON, Feb. 12 – The Democrats on the Senate Budget Committee sent a letter to Chairman Mike Enzi today expressing their frustration over the chairman’s decision to not hold a hearing on the president’s Fiscal Year 2021 budget request. “This year, the President’s budget proposes tax cuts of $1.4 trillion while at the same time […]
Letter to Enzi re No Budget Hearing
The Trump Budget for 2021: “Highlights” of a Budget for the 1 Percent
Student Debt Forgiveness in U.S. to Total $207 Billion in Next Decade, CBO Says
WASHINGTON—The U.S. government will forgive $207.4 billion in student debt for Americans who take out loans over the next decade, the Congressional Budget Office said Wednesday. The biggest benefits will go to borrowers who attend graduate or professional school. The CBO projects the government will originate $1.05 trillion in new loans from 2020 to 2029. Much of […]
The Trump Budget For 2021: Analysis of a Budget Of, By, and For The 1 Percent
Sanders Calls on Congress to Reject Trump’s Budget “Of, By, and For the 1 Percent”
WASHINGTON, February 10—In response to the release of the Trump Administration’s federal budget proposal, Senate Budget Committee Ranking Member Bernie Sanders (I-Vt.) said: “The Trump Budget for 2021 is a budget of, by, and for the 1 percent. It reflects profoundly unethical priorities and shows that the president is—and it gives me no great pleasure […]