‘Free’ College Loans? Nope . . . You Pay!
Submitted by AFS Wealth Management on March 30th, 2015
Decisions have consequences. Some things just don’t work out the way we plan.
Who has heard of the Income-Based Repayment (IBR) plan the US government has implemented for federal student loans? The truth is: not many. More than 12 percent of student loan borrowers are defaulting, even while there are other options-such as Income-Based Repayment available to them. And while IBR can help many struggling graduates, it is quickly becoming a big burden for American taxpayers.
Thankfully, summer is finally here. Summer is here, the weather is warm, and the days are long. Of course, with summer brings vacation, and who does not love a vacation? We can all agree they are well-deserved. But if we start throwing around the b-word, budget, oftentimes we feel like we are ruining the fun.
