The “Inspirational” Student Loan Payoff Stories Are Harmful
Many major media outlets get a lot of clicks by publishing “inspirational” student loan payoff success stories. This trend needs to stop.
Many major media outlets get a lot of clicks by publishing “inspirational” student loan payoff success stories. This trend needs to stop.
Wealthy doctors and Harvard grads are not the people who would benefit from student loan forgiveness or debt cancellation programs.
As borrowers, we need to do a better job making the case for student loan forgiveness. We need to earn the empathy of our fellow Americans.
Yearly income certification trips up many federal borrowers and this problem could easily be avoided by automating the process.
Streamlining student loan repayment has its advantages, but using a refinance or consolidation for this purpose is asking for trouble.
Income share agreements are appealing for many different reasons. However, ISAs are the not answer to the student loan crisis.
After nearly a decade of closely watching student loan news and developments, I think some changes are on the horizon.
PSLF probably isn’t going anywhere. Even if it PSLF was eliminated, existing borrowers have plenty of protections in place so that they can qualify in the future.
Parents don’t have a legal responsibility to pay for college, but there are financial and non-financial ways in which they should help their children.