The only 10 ways the student loan crisis will get better, according to a finance professor
forecasts default rates could be as high as four out of every ten students by 2024. Should the economy slip into recession, which could happen by next year, defaults will spike, further threatening the prospects of aspiring graduates.
These lenders need to show greater forbearance, including developing more flexible payment options and at reduced interest cost.Capping the amount of loan repayment to discretionary income at 10 percent should be a viable option for more borrowers. and by being willing to expand existing employee benefits to encompass loan repayments. Employees that commit to long-term employment could see debt reduced. Such good-faith benefits will help attract and retain talentabolish legal roadblocks so that student loan debt, similar to other consumer debt, can be discharged in bankruptcy. Doing so will return more control to student borrowers as they address how best to honor their student-loan obligations.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This system helped this couple pay off $17,000 in student loans in less than a yearErin Lowry and her husband's budget is tailored to their emotional relationship with money and each other.
Read more »
DeVos wants to cut budget funding for student loan forgiveness, againFor the third year in a row, Education Secretary Betsy DeVos has proposed ending a loan forgiveness program for public service workers and eliminating subsidized loans for low-income students
Read more »
Opinion | Student Loans Change LivesOpinion: Students across America share how they are carrying the burden of student loans—and how it impacts their plans for the future
Read more »
Analysis | More say immigrants strengthen than burden their countries, according to survey of 18 nationsA poll of residents in 18 countries finds Americans are more positive toward immigrants than residents of several other countries.
Read more »
Trump's budget would end student loan forgiveness program and slash repayment optionsThe Education Department's budget would be significantly reduced under Trump's 2020 budget.
Read more »
Marco Rubio, Elizabeth Warren look to stop states from suspending professional licenses over student loan debtThe bipartisan bill pushes back against states that suspend the professional licenses of workers who can't pay back their student loans.
Read more »
Trump Proposes To End Student Loan Forgiveness ProgramPresident Trump's new 2020 budget proposal has important implications for student loans. Here's what you need to know:
Read more »
Trump Proposes To End Student Loan Forgiveness ProgramPresident Trump's new 2020 budget proposal has important implications for student loans.
Read more »
6 Bold Student Loan Reforms To Watch For In 2019There's a growing number of major reform proposals to address the student debt crisis.
Read more »