End the student loan-acy ...Middle East

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End the student loan-acy
source : The Hill ( Middle East ) () 24
Sen. Elizabeth Warren (D-Mass.) and other left-leaning pols have often decried the federal government using student loans to profit off of college kids. A new Government Accountability Office report explains why we don’t hear that much anymore: the government has hardly been profiting. Indeed, taxpayers have been getting clobbered. The GAO examined actual and projected revenue and costs of federal Direct Loans — since 2010, the only type of federal student loan — over the last 25 years. It found that projections of a nearly $114 billion profit were off by $311 billion. Federal taxpayers are now predicted to lose nearly $200 billion. Why the yawning difference? About $102 billi

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