Distinct Income Share Oversight Could Reform Student Debt
1 year ago
Law360 (May 19, 2020, 4:04 PM EDT) — Student loan debt continues to be a growing and seemingly unsolvable problem in the U.S. As the costs of higher education show no signs of slowing, students are forced to take on more public and private loans.
Currently, one out of four student borrowers is either delinquent or has defaulted on his or her student debt, and those numbers are poised to increase given the significant economic downturn occasioned by the coronavirus pandemic. Higher education and specialized technical skills, however, continue to be the path to financial security for many.
Consequently, the status quo of education finance cannot continue. Absent significant…
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