A 38-year-old with $38,000 in student debt tells other generations, ‘I highly recommend finding a way to avoid taking out loans’

Quick Summary:

Millions of Americans started repaying their federal student loans again last October, with monthly payments averaging hundreds of dollars a month.

The Public Service Loan Forgiveness program is one of several avenues for relief still available to many with student debt.

Other sources for relief for borrowers include: false certification, borrower defense, closed school, total/permanent disability discharges, and alternate repayment programs like income-driven repayment.

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Article Details

Author / Journalist: Cora Lewis, The Associated Press

Category: EconomyBusiness

Markets: United States

Topics: Loans Bank loans Debt Freddie Mac Education Millennials Students Student loans and debt Debt crisis Debt relief Gen Z Success Fannie Mae Colleges and Universities

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-26 @ 01:13:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 27 words

Reading Time: 1 minutes read

Sentences: 26 lines

Sentence Length: 2 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 23245913

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 32 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 12 hours ago

Coverage Areas: United States

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Publication Timezone: GMT +8:00

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Publisher ID: #95

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