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January 27, 2022

U.S. Voters

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Graduate Pays Off Student Loans, Beats The System

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This student came up with the most mind-blowing strategy to beat student loan debt. John Iadarola and Brett Erlich break it down on The Damage Report.

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Read more here: https://www.npr.org/2021/10/28/1050110273/4-things-to-know-about-possible-changes-to-your-student-loan-debt

"Student borrowers, take note. In testimony before a House subcommittee, the head of the office of Federal Student Aid told lawmakers that his agency is preparing for federal student loan repayments to resume early next year.

Richard Cordray, FSA’s chief operating officer, oversees the federal student loans of roughly 43 million borrowers. In a hearing Wednesday that ran just over three hours, he shared new details about those plans to resume repayment, his agency’s handling of the Public Service Loan Forgiveness program, the possibility of broader loan forgiveness — and whether he would hold executives liable for the collapse of colleges that defrauded students."

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