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by Tyler Durden By Adam Andrjewski, founder of OpenTheBooks.com, via RealClearPolicy As President Joe Biden considers forgiving $10,000 in student debt per borrower and ending tuition for many students at public colleges, it is worth noting that college graduates already have not paid $435 billion back to the federal government. That’s right, of the government’s $1.4 trillion student loan That $435 billion is comparable to the $535 billion that private lenders lost on subprime mortgages during the 2008 financial crisis. The figure comes from FI Consulting, hired by the Department of Education, and whose work was checked by accounting firm Deloitte, and is a total of losses over the life of the loans in the federal government’s portfolio. ....
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