How did the federal student loan program rack up such massive debt so quickly? Let's take a look at Obama's recent reform efforts and programs to help provide relief to student borrowers.
Obama's Budget Contains a Federal Student Loan Bailout
A few days ago, Politico revealed a little gem hidden in the Obama budget:
"In obscure data tables buried deep in its 2016 budget proposal, the Obama administration revealed this week that its student loan program had a $21.8 billion shortfall last year, apparently the largest ever recorded for any government credit program."
