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Today CBO released a letter that contains an estimate of the change in federal costs, adjusted for the cost of market risk, that might result from enactment of the Presidents proposal to prohibit new federal guarantees of student loans and to replace those guarantees with direct loans made by the Department of Education.
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Background Paper: Assigning Education Status in CBO's Long-Term Microsimulation Model
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Testimony before the Subcommittee on Immigration, Citizenship, Refugees, Border Security, and International Law, Committee on the Judiciary, U.S. House of Representatives
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Testimony before the Committee on Education and the Workforce, U.S. House of Representatives
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