Heard about the Brookings Institute report on student loan repayment? Here’s why you should be careful with some of its conclusions.
Which data source or data sources upon which your rely to make your argument is incredibly important to the validity of tha conclusion. Failing to properly account for why the Federal Reserve data is a shaky source for student loan repayment success significantly undercuts the argument recenly put forth authors at the Brookings Institute that student loan debt rhetoric and the facts don't match up.
Income-based student loan repayment caps to be applied retroactively
"10" by Michael Randall (flickr user pigpogm, cc license) On Monday, President Obama signed an executive order that should grant relief to millions of federal student loan borrowers.
Co-signed private loans and risks of surprise deafult
"Loans" by flickr user Jeff Ferzoco (cc license) As many families know, private student loans often require a co-signer. This is, in part, because most college students lack enough signifiant credit history and income to establish the creditworthiness in the amount of a student loan. However, a recent study reveals a new risk with private student loan co-sigining.
Considering a career public service? You might eventually be eligible for loan forgiveness
The Federal Student Aid office in the Department of Education recently updated their materials on loan forgiveness for public service employees (known as the Public Service Loan Forgiveness Program). In fact, you may have received their new version of the Dear Borrower letter about the program. While this can be a lengthy process, it can provide a lifeline to students who incurred a large amount of debt for school, but have chosen to pursue a career path that’s beneficial to society at large.