Accounting

The Fed Made a $300 Billion Student Loan Accounting Mistake — and Not in the Taxpayer’s Favor

When your budget is in the trillions of dollars, perhaps $300 billion is a rounding error. But for the bill-paying American taxpayer, losing $300 billion is a big deal. A new study published by the Government Accountability Office (GAO) has revealed a shocking gap between what the federal government predicted the student loan program would […]

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