Total student loan debt in the U.S. will cross the 1 trillion dollar threshold in 2011, an amount that surpasses the nation’s combined credit card debt. It affects how many students and graduates decide whether and where to go to school, what job to take, where to live and how to pay their bills.
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WASHINGTON — Rep. John Kline said on Fox News Monday morning that President Barack Obama’s new student loan program is going to “leave the taxpayers holding the bag.” Obama last week announced changes to the federal student loan program that allow borrowers to limit their monthly student loan payment to 10 percent of their discretionary income in 2014, down from the current 15 percent …
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Defaulting on a loan can damage a grad’s financial life before it ever really gets started, making it essential for them to make a plan to pay off their loans.
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KANSAS CITY, Mo. — Mallory Anthony laughs as she describes herself as “the face of student loan debt in America.”
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