GAO Releases Breakdown of Graduate In addition to Individuals, Potential Effects out of Financing Limits
The federal government Accountability Office (GAO) put out a research this week, in response to an inquiry regarding a team of Republican senators, highlighting the features regarding Graduate Together with Loan consumers, together with possible implications from instituting yearly and you can aggregate mortgage restrictions on the Grad As well as Finance.
In the event your regulators instituted an enthusiastic aggregate mortgage restrict regarding $fifty,100, GAO unearthed that ED might have ounts because of the $22
Handled to three members of the brand new Combined Economic Committee – Sens. Mike Lee (R-UT), vice chairman of your committee, Bill Cassidy (R-LA), and you can Tom Pure cotton (R-AR) – GAOs declaration discovered that by , the fresh new Institution from Training (ED) disbursed $71 million within the Graduate As well as Funds to 1.7 million individuals. …