The problem isn't just that the trigger point is 90 days for all other forms of consumer debt (which, by the way, makes comparing default metrics among different loan products another waste of time), it's that
the staggering numbers of loans that have reached this stage show how incompetently the entire student loan program is being managed.
«Considering the
number of student
loan borrowers who will likely qualify for PSLF and the staggering amount of debt currently owed, there's huge potential for student loan debt relief under this program,» said Andrew Josuweit, CEO of Student Loan H
loan borrowers who will likely qualify for PSLF and the
staggering amount
of debt currently owed, there's huge potential for student
loan debt relief under this program,» said Andrew Josuweit, CEO of Student Loan H
loan debt relief under this program,» said Andrew Josuweit, CEO
of Student
Loan H
Loan Hero.
The
staggering number of $ 968 billion in the third quarter
of 2015 sets an all - time high, according to Experian, which is in the business
of tracking such things as auto
loans and consumer credit.