Student Loan IDR Plans Could Cost the Government More than Estimated
Wharton professor joins the show to discuss the Penn Wharton Budget Model report showing that IDR plans could cost more than the Department of Education estimates
This Week in Business · Wharton Podcast Network
February 9, 202311m 48s
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Show Notes
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.
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