Student Loan IDR Plans Could Cost the Government More than Estimated

Kent Smetters, Wharton Professor of Business Economics & Public Policy, joins the show to discuss the costs of student loan forgiveness and income driven repayment, which is designed to cut in half the amount that borrowers pay on a monthly basis, but could increase the amount being forgiven by the federal government. He discusses how a recent Penn Wharton Budget Model report shows IDR plans could cost more than the Department of Education's estimates. Hosted on Acast. See acast.com/privacy for more information.