Friday, August 31, 2012

College Loans

The current situation with college loans is not always helpful to our students.  Too often they turn into a sick trap for the young and unwary.
Update: There is as cap on the size of payments required for student loans.  With ACA, Obama lowered that cap from 15% to 10%.  No ex-student is required to pay more than 10% of their income on their student loan obligation.  This makes life easier on the loan recipients but it could be problems for the lenders (even if the lenders are the taxpayers).

1 comment:

Liz said...

Well, I glad to know that the cap on college loaning have been lowered to that percentage. Quite interested in applying for a college loan now. Hope it will remain that low until October.