Oops—White House Loses $22 Billion on Student Loan Plans

White House education policies aimed at helping borrowers with $1.3 trillion in student debt are gaining traction with enrollment in income-based-repayment doubling in the last two years. Hidden in a footnote of the president’s 2016 budget blueprint, the White House estimated that it expects to earn $22 billion less than projected in student loan payments this year. The White House said the downgrade can largely be attributed to faster-than-expected enrollment in the president’s income-based