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Why the dental practitioner with $1 million in student debt spells difficulty for federal loan programs

Why the dental practitioner with $1 million in student debt spells difficulty for federal loan programs

Adam Looney

Joseph A. Pechman Senior Fellow – Financial Studies, Urban-Brookings Tax Policy Center

A recently available Wall Street Journal article informs a startling story of the University of Southern California dental college graduate whom owes significantly more than a million bucks in pupil debt—a balance he can never ever completely repay. While he could be exceptional—only 101 individuals away from 41 million student-loan borrowers owe significantly more than a million bucks—his situation highlights the flaws in a student-loan system which provides graduate pupils and parents limitless use of federal loans and large payment plans. The effect: Well-endowed universities and well-paid, well-educated borrowers benefit at the cost of taxpayers much less students that are well-off.

While borrowers with big balances are not typical, they account fully for a growing share of all of the student education loans.

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投稿者 : bsaimin Missouri Payday Loan 2020年3月14日 コメント無し