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

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

Adam Looney

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

A current Wall Street Journal article informs a startling story of a University of Southern Ca dental college graduate whom owes significantly more than a million dollars in pupil debt—a balance he can never ever completely repay. As he could be exceptional—only 101 individuals away from 41 million student-loan borrowers owe significantly more than a million dollars—his situation highlights the flaws in a student-loan program which provides graduate students and parents limitless use of federal loans and ample repayment plans. The effect: Well-endowed universities and well-paid, well-educated borrowers benefit at the cost of taxpayers much less students that are well-off. Continuar lendo Why the dental practitioner with $1 million in pupil debt spells difficulty for federal loan programs