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|Subject: Cost of federal student loan program doubled beyond estimate: Watchdog Wed Nov 30, 2016 11:53 pm|| |
|Taxpayers will pay at least $74 billion for a federal program to reduce student loan repayments, more than twice the amount expected, a government watchdog said Wednesday.|
The Government Accountability Office said the cost to the government for covering loans made between 2009 and 2016 was more than double the amount estimated by the Department of Education. The cost could still rise if more borrowers enroll.
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