Why the dental practitioner with $1 million in pupil financial obligation spells difficulty for federal loan programs

Why the dental practitioner with $1 million in pupil financial obligation spells difficulty for federal loan programs

Adam Looney

Joseph A. Pechman Senior Fellow – Financial Studies, Urban-Brookings Tax Policy Center

A recently available Wall Street Journal article informs a startling story of a University of Southern Ca school that is dental who owes a lot more than a million bucks in pupil debt—a balance he’ll never ever completely repay. While he could be exceptional—only 101 individuals away from 41 million student-loan borrowers owe significantly more than a million bucks—his situation highlights the flaws in a student-loan system that provides graduate students and parents limitless use of federal loans and large payment plans. Continue reading “Why the dental practitioner with $1 million in pupil financial obligation spells difficulty for federal loan programs”