Financial Aid and Abet

Here are basics on one former student’s loan payments. “University of New Mexico (bachelor’s, 2006); University of Minnesota (master’s, 2008); $70,000 owed at graduation; $50,000 paid back so far; $410 paid per month, on average; 12 months of delayed forgiveness because of FedLoan errors; $70,000 still owed today.” MoJo: The Incredible, Rage-Inducing Inside Story of America’s Student Debt Machine. (Regardless of what they study, every college student ends up majoring in finance…)

+ NPR: “In a scathing resignation letter, Seth Frotman, who until now was the student loan ombudsman at the Consumer Financial Protection Bureau, says current leadership ‘has turned its back on young people and their financial futures.'”

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