With student loan debt soaring around the US, and Mark Cuban warning of a "student loan bubble" due to rising tuition costs, it's crucial for students to understand how to best pay off their student loan debt. But not everybody realizes you can sometimes get out of paying some of your student loans.
Matt Taibbi’s expose of Federal educational loan programs is over-the-top and not balanced but it does have some shockers. Most importantly, according to Taibbi, the Federal government makes a profit on student defaults.
“So, my student loan payments are more than my monthly rent?” exclaimed my sister-in-law, Kari. “More than a mortgage payment, to be honest,” I replied. Kari is finishing up her junior year of college in May and was curious about what life after college would like like.
As costs of college soars (with thanks to absurd union salaries and benefits, as well as absurd administrator salaries and benefits), those attending college have increasing trouble paying back loans.
The fully expected consequence is Student-Loan Delinquencies Now Surpass Credit Cards.