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July 20, 2009
WashPost story describes student debt debacle
Over at the Washington Post, reporter Daniel de Vise interviews several students mired in high-cost student loan debt in the story Lifelines in the Student Loan Sea, with an accompanying video. The story explains new student loan payback programs available: Starting July 1, student borrowers can cap their monthly payments at a modest sum determined by income and family size. A second initiative, the Public Service Loan Forgiveness Program, will erase student debt entirely after 10 years for graduates who work for government or various nonprofit organizations. We've been tracking this problem for years. The story goes on to say: "The reality is that students are relying on loans to pay for college," said Chris Lindstrom, higher-education program director at U.S. PIRG, a public interest advocacy group based in the District. More from our student debt pages.
Posted by Ed Mierzwinski at July 20, 2009 05:31 AM
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