"Considering the average 20- to 30-year-old borrower is beholden to loan servicers for over $350 a month on average, it comes as little surprise to find that they may not only be severely financially stressed, but also falling down on the job when it comes to actually sending the money. This is even more of a problem for borrowers with private student loans in comparison to those with federal loans; those with the latter may at least be able to take advantage of a wide range of alternative repayment plans, along with programs like forgiveness, wiping the slate clean permanently."
Read the entire article on the official Fitzgerald & Campbell, APLC blog.
