Student Loan IDR Plans Could Cost the Government More than Estimated

Kent Smetters, Wharton Professor of Business Economics &amp; 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.<br /><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>