We’re over a year and a half from the 2020 elections, but there’s already over a dozen presidential candidates who are running, or considering running, for president.
Addressing the ongoing increase in student debt by steering students away from debt-financed degrees will be an important component of any student loan reform policy. But lawmakers will still have to address the $1.5 trillion in student loan debt that already exists. One idea to help borrowers contain the cost of student loan repayment would be a federal program that allows them to refinance their student loans – both federal loans and, potentially, private loans – at much lower interest rates.
Skeptics worry that if such reform was enacted, student debtors and recent graduates would flood the bankruptcy courts with petitions to discharge their student loans. However, advocates note that bankruptcy carries a lot of negative consequences – including social stigma and lasting credit damage – that would dissuade many people from immediately going the bankruptcy route.
Source: Education Headlines (educationheadlines.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Agents Face the Return of The Bold BuyerGone are the days when sellers were in the driver’s seat. Now, it’s the buyers who are in control, and they are looking for deals This is always a cycle, but this time the sellers had managed to pull it a lil too longer.... The housing market is going cold, will hit the top end first, but all others will follow. I'm happy to say that the power was balanced in my recent real estate transaction. Seller was anxious to move on and I wanted this little gem of a place. We struck our bargain in about an hour - just over asking for him, way less than I was prepared to pay for me. Win-win!
Source: WSJ - 🏆 98. / 63 Read more »
'About as likely as Mexico paying for Trump's wall': Some experts say Elizabeth Warren's plan to break up Big Tech will never happenIt's a bold plan, but experts tell us its unlikely to happen given the history of antitrust cases and how difficult it would be to carry out. Says the fool who lied and cheated everyone else he whole life to get where she is today- FRAUD INDIAN It happened to Ma Bell did it not?
Source: BusinessInsider - 🏆 729. / 51 Read more »
White House Might Put Colleges on the Hook for Student LoansThe Trump administration is weighing a measure that would require colleges and universities to take a financial stake in their students’ ability to repay government loans Um no. Your debt, your problem. renannsaraujo olha isso Keep ‘em dumb. It’s how autocrats work.
Source: WSJ - 🏆 98. / 63 Read more »
Trump Proposes To End Student Loan Forgiveness ProgramPresident Trump's new 2020 budget proposal has important implications for student loans. The fine print. It is really the crook forgiveness program. This will not effect those of Nordic descent, only the 'underprivileged' in America. Oh file bankruptcy ahhh u cant on student loans lololol
Source: Forbes - 🏆 394. / 53 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. orangemanbad Chancellor D. Trump the face of hate. He’s such a terrible person. How the hell do some people not see this
Source: CNBC - 🏆 12. / 72 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.
Source: Newsweek - 🏆 468. / 52 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: forbes bullshit He is about to gut kick the middle class working poor the elderly and the disabled with one chop. What you need to know is that it's DOA.
Source: Forbes - 🏆 394. / 53 Read more »
How one woman fell for a common student loan scamHer experience is a textbook example of how third-party companies prey on vulnerable student loan borrowers.
Source: MarketWatch - 🏆 3. / 97 Read more »