‘Free’ College Loans? Nope . . . You Pay!
Submitted by AFS Wealth Management on March 30th, 2015Decisions 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.