"...Republican lawmakers claim that the Biden administration is burying a report that shows how shoddy accounting at the Department of Education could cost taxpayers billions.
...Taxpayers may end up footing the bill for that discrepancy, which could amount to roughly one third of the federal government's $1.6 trillion student loan portfolio.
The demand for financial transparency comes as the Biden administration moves to spend big on higher education.
President Joe Biden last week proposed his American Families Plan,
- a $1.8 trillion spending package that promises Americans
- at least two years of taxpayer-funded higher education.
- And the president asked Congress to relieve $10,000 in student loans per borrower in January...Read all.
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