Most families like to think of scholarships from colleges as proof of their students achievements. However, scholarships should be best thought of as marketing dollars a school uses to convince students to attend.
The Student Debt Crisis: Are Things Getting Better or Worse?
The huge amount of students who have jumped into an income-based repayment plan reveals a disturbing trend of borrowers who are either unable or unwilling to enter into a standard repayment plan. If more and more students are finding their loans too burdensome to repay in a reasonable amount of time, shouldn’t we be doing more to reduce the loan burden on students altogether rather than making it easier for them to take out loans they can’t repay?