The Emerging Opportunities In Trouble-free Plans For Commercial Lending

Loading … This story appears in the {{article.article.magazine.pretty_date}} issue of {{article.article.magazine.pubName}}. Subscribe Money Language You Need to Know Image Courtesy of Student Loan Hero This past year brought significant attention and debate to the hot-button issue of student loans. With 44 million borrowers carrying $1.3 trillion in debt, government officials were forced to take note in the midst of a huge election year and its about time. The average graduate walks away with $37,172 in student loan debt, a 6 percent increase over last years average. And nearly 10 percent of borrowers are in default, leading to garnished wages and wrecked credit. The debt that was supposed to lead to a college degree and a better future is holding graduates back keeping them buying a home, starting their own business, and even from getting married. But political candidates took note of the issue, and President Trump announced a bold approach to student loans . Here are five student loan changes you can expect to see in 2017. Changes to income-driven repayment plans President Trump has outlined a drastic change to income-driven repayment plans.

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