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:
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.
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