David Smith

What The Future Holds For The Business Of Student Loans

Unlike the housing bubble of 2008, the problem with student loan debt in America has been recognized and addressed early. At the beginning of President Obama’s first term, laws were passed giving borrowers the ability to extend the length of their loan up to 30 years, pay monthly payments based on income, and even be forgiven of student loan debt after 10 years if the borrower went into public service.