Category: Student Loan Debt
The amount of student loan debt has reached epic proportions, with Americans owing almost $1.3 trillion. And a significant portion this debt is classified as in either deferment, forbearance or default - because no payments are being made. In many other instances, the borrowers are making payments so small that the total obligation is growing rather than shrinking. In the most dire of circumstances, the debt has been guaranteed by a parent, and neither the student nor the parent can afford to make even the minimum payments. This blog series is devoted to:
Helping student borrowers understand the student-loan-debt crisis;
Ensuring prospective students evaluate both the costs and benefits of taking on student loans, and
Assisting those student borrowers already struggling under student loans.
Read through our blog series on this topic. Help contribute to our discussion of the crisis, and assist students with making intelligent decisions regarding the costs of pursuing an education.