I just read the article below this morning.
Seeing as it’s confirming what I’m been explaining to my clients for many years, I felt I should post it on my blog.
The article, titled “Is the student debt crisis real?” features some statistical data (which was gathered by the Brookings Institute, a nonprofit public policy organization based in Washington DC) that supports the idea that the “student debt crisis” is just a big media fabrication, i.e. it’s another “the sky is falling” tactic, used to instill fear and boost ratings.
Although this idea may sound a bit radical, I must say that after many years of working on behalf of borrowers, I’ve found it to be true.
Once you educate a borrower on her or his loans, options and the proper approach to repayment, there’s no crisis in sight — just practical steps to take!
Certainly, the student loan lending industry and financial aid departments across the U.S. have a LONG way to go when it comes to working in favor of the borrower. But, at least this article highlights a more accurate perspective.
It shows that the student debt crisis isn’t really a crisis — it’s actually what I’d label a sticky situation. One that requires careful attention, thought and yes, a consultant with way too much student loan information up his sleeve.
To read “Is the student debt crisis real?” click the link below.
And to avoid any student debt trouble altogether, click here to schedule a free consultation.
Together, we’ll go over all your loans, your repayment options, and your best next steps to ensure your best possible repayment experience.