The government Liability Place of work (GAO) put out research this week, in response in order to an inquiry away from a group of Republican senators, highlighting the features away from Graduate And additionally Financing consumers, in addition to prospective implications of instituting yearly and you may aggregate mortgage limits toward Grad Together with Finance.

Whether your regulators instituted a keen aggregate financing limit off $50,000, GAO learned that ED could have ounts because of the $twenty-two

Treated to three members of new Combined Economic Committee – Sens. Mike Lee (R-UT), vice-chairman of the panel, Statement Cassidy (R-LA), and you will Tom Pure cotton (R-AR) – GAOs report found that since , new Service from Training (ED) disbursed $71 billion during the Graduate Along with Money to 1.eight million borrowers.