GAO Launches Report on Graduate And additionally Borrowers, Potential Implications out-of Mortgage Restrictions
GAO Launches Report on Graduate And additionally Borrowers, Potential Implications out-of Mortgage Restrictions The government Liability Workplace (GAO) put out a report recently, in reaction so you're able to an inquiry out of several Republican senators, reflecting the features regarding Grad Along with Financing individuals, and prospective implications out-of instituting yearly and you may aggregate financing limits towards the Grad Also Fund. If the bodies instituted an aggregate loan limitation regarding $fifty,000, GAO found that ED might have ounts by $twenty-two Treated to 3 people in the fresh Joint Economic Panel - Sens. Mike Lee (R-UT), vice-chairman of one's committee, Expenses Cassidy (R-LA), and you may Tom Cotton fiber (R-AR) - GAOs statement unearthed that at the time of , the newest Agencies off Degree (ED) paid $71 mil from…
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