• About Us
    • Join CAPPS Email List
    • What is Private Postsecondary Education
    • About ICEPAC
  • News
    • Legislation / Advocacy
  • Events
    • CAPPS Legislative Policy Conference 2021
    • 37th Annual Conference
    • Educational Advisors ~ Event Calendar
  • Resources
    • Classifieds
    • Professional Online Training Center
    • State and Federal Resources
    • Accreditors
    • Boards
    • Associations
  • CAPPS Member Portal & Archives
    • CAPPS Membership Directory
    • Conference Archives
    • Webinar Archives
    • Workshop Archives
    • CAPPS Member Portal
      • CAPPS Legislative Watch
    • Featured Members
    • Select Allied or School Benefits – Why be a CAPPS Member?
      • School Membership Application & Renewal Form
      • Allied Membership Application & Renewal Form
  • Awards
    • CAPPS Memorial Scholarships
    • Excellence in Community Service Awards
    • CAPPS Hall of Fame STAR Awards
    • Norma Ford Financial Aid Professional of the Year
    • School of the Year
    • Allied Member of the Year
California Association of Private Postsecondary Schools                        
916-447-5500
Email
        Login
CAPPSCAPPS
  • About Us
    • Join CAPPS Email List
    • What is Private Postsecondary Education
    • About ICEPAC
  • News
    • Legislation / Advocacy
  • Events
    • CAPPS Legislative Policy Conference 2021
    • 37th Annual Conference
    • Educational Advisors ~ Event Calendar
  • Resources
    • Classifieds
    • Professional Online Training Center
    • State and Federal Resources
    • Accreditors
    • Boards
    • Associations
  • CAPPS Member Portal & Archives
    • CAPPS Membership Directory
    • Conference Archives
    • Webinar Archives
    • Workshop Archives
    • CAPPS Member Portal
      • CAPPS Legislative Watch
    • Featured Members
    • Select Allied or School Benefits – Why be a CAPPS Member?
      • School Membership Application & Renewal Form
      • Allied Membership Application & Renewal Form
  • Awards
    • CAPPS Memorial Scholarships
    • Excellence in Community Service Awards
    • CAPPS Hall of Fame STAR Awards
    • Norma Ford Financial Aid Professional of the Year
    • School of the Year
    • Allied Member of the Year

News

  • Home
  • News
  • Ed Dept. Analysis Projects $435B in Student Loan Losses

Ed Dept. Analysis Projects $435B in Student Loan Losses

  • Posted by CAPPS
  • Date

Inside Higher Ed

Rick Seltzer
November 24, 2020
A new analysis conducted for the U.S. Department of Education puts the amount of money the federal government stands to lose on its student loan portfolio in roughly the same ballpark as the amount private lenders lost on subprime mortgages during the 2008 financial crisis.
The Department of Education hired FI Consulting for projections examining $1.37 trillion in student loans that the government held at the beginning of the year, The Wall Street Journal reported. Another consultant, Deloitte, reportedly reviewed FI Consulting’s modeling.
Borrowers can be expected to pay back $935 billion in principal and interest, the analysis found, which leaves $435 billion in government losses, according to the Journal. That’s 80 percent of the amount private lenders lost on subprime mortgages during the financial crisis, $535 billion.
Loans in income-based repayment programs drove projected losses.
The analysis didn’t include loans from private lenders that are backed by the government.
  • Share:
author avatar
CAPPS

Previous post

More people with bachelor’s degrees go back to school to learn skilled trades

Next post

Gurnick VN Students Participate in Community Service

You may also like

FEDERAL
Agency Information Collection Activities; Comment Request; Higher Education Emergency Relief Fund (HEERF) Improper Payments Information Form
15 January, 2021
Courthouse News Service
Judge: By Resigning, DeVos Opens Door to Deposition on Student Debt Relief
13 January, 2021
Career Education Review
U.S. Department of Education Announces Additional College Scorecard Updates, Providing Greater Transparency on Borrower Repayment Progress and Postsecondary Costs
13 January, 2021

Search

Memorial Scholarship Information
Donate to ICEPAC
Become an Allied Member
Become a School Member
CAPPS Events

ABOUT US

  • What is Private Postsecondary Education
  • CAPPS Memorial Scholarships
  • Upcoming Conferences

MAILING ADDRESS:
California Association of
Private Postsecondary Schools
2520 Venture Oaks, Suite 170
Sacramento, CA  95833
info@cappsonline.org
www.cappsonline.org    

CappsOnlineMorpho Web Design.

2020 All Rights Reserved CappsOnline.org