Claim: Did pausing student loan repayments cost $5 billion per month?
Fact-check: Did pausing student loan repayments cost $5 billion per month? - Wisconsin Watch
Verdict: yes. summarizing an analysis by the nonpartisan nonprofit committee for a responsible federal budget, education next reported, "the pause of collections on loans, interest, and defaults costs $5 billion per month" — the same amount the u.s. education department said was saved by about 40 million student loan borrowers.
Organisation: Wisconsin Watch
Author: Tom Kertscher
Date published: 2023-06-13T19:30:55