The U.S. government underestimated the cost of the student loan program by billions

Students at Pasadena City College, in Pasadena, Calif., participate in a graduation ceremony in 2019.

The Education Department originally thought the student loan program would make money — instead, it's losing it. ​​That's according to a new report from the U.S. Government Accountability Office.

(Image credit: Robyn Beck/AFP via Getty Images)



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