Category: Virginia Payday Loans Online

11 Mar 2020

Why the dental practitioner with $1 million in pupil financial obligation spells difficulty for federal loan programs

Why the dental practitioner with $1 million in pupil financial obligation spells difficulty for federal loan programs

Adam Looney

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

A current Wall Street Journal article informs a startling story of the University of Southern Ca dental school graduate whom owes significantly more than a million bucks in pupil debt—a balance he can never ever completely repay. While he is exceptional—only 101 people away from 41 million student-loan borrowers owe significantly more than a million bucks—his case highlights the flaws in a student-loan system that provides graduate students and parents limitless usage of federal loans and good payment plans. (more…)