Not a problem for me. I paid mine off, so can they.
The security for a home loan mortgage is the house. The security for the GSL is ... the student.
This is a black cloud over their heads that will follow them until they pay it off.
So suck it up buttercups: pay. Otherwise, you’re paying Sallie Mae trolls to dun you for years.
So did I and my guess is so did 9 out of 10.
This article looks like little more than a rant about something everyoen likes to make things up. Example, the article: Student debt is now in excess of $1.2 trillion. The number from ed.gov is $1.4T.
The article also sad "Twenty-five percent of those with student debt are in delinquency or default", and Student Loan Hero says "Student loan delinquency rate of 11.1%" while the WSJ says "43% of the roughly 22 million Americans with federal student loans werent making payments". Here's what the Dept. of Ed has:
There's a lot to this but the way everyone clings to their own reality system makes it hard to work out policy.