- Joined
- Jul 17, 2014
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- 181
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This article on Yahoo! news calls out Argosy, and hints that the end might come to IBR. Just something to think about for those considering entering a school with no funding...
http://finance.yahoo.com/news/asking-everyones-rich-uncle-pay-120015289.html
The Congressional Budget Office estimates that, for loans originated in 2015 or after, the programs will cost the government an additional $39 billion over the next decade. That’s more than the agency spends each year on Pell grants, the public scholarship program for low-income students. “In a time of scarce resources, is it better to spend money in that way or raise the Pell grant?” asks Margaret Spellings, who served as education secretary under George W. Bush.
http://finance.yahoo.com/news/asking-everyones-rich-uncle-pay-120015289.html
The Congressional Budget Office estimates that, for loans originated in 2015 or after, the programs will cost the government an additional $39 billion over the next decade. That’s more than the agency spends each year on Pell grants, the public scholarship program for low-income students. “In a time of scarce resources, is it better to spend money in that way or raise the Pell grant?” asks Margaret Spellings, who served as education secretary under George W. Bush.