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Tag Archives: Financial Aid

Relief from Crushing Student Loan Payments

We are proposing to make federal student loans more affordable by limiting a borrower’s payments to 10 percent of the income he or she has left over after covering basic expenses. Here is an example:  The monthly payment for a single borrower earning $30,000 who owes $20,000 in loans would be $115 a month, compared [...]

The $555,000 Student-Loan Burden

Unlike other kinds of debt, student loans can be particularly hard to wriggle out of. Homeowners who can’t make their mortgage payments can hand over the keys to their house to their lender. Credit-card and even gambling debts can be discharged in bankruptcy. But ditching a student loan is virtually impossible, especially once a collection [...]