«Getting an education... must not require entire families to incur lifetimes of debt,» Eric Swalwell said. (lendedu.com)
And while AccessLex Institute agrees that income - driven repayment plans should be simplified, the proposed bill would eliminate a provision that allows borrowers to have part of their debt forgiven after making payments for 20 or 25 years, ensuring for many financially - challenged, and even insolvent borrowers, a literal lifetime of debt given the effective nondischargability of student loans in bankruptcy proceedings. (accesslex.org)
People need better options than a lifetime of debt because they went to college or a lifetime of stunted earning because they couldn't afford to. (entrepreneur.com)