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Is it appropriate to give college graduates the opportunity to have their…
Is it appropriate to give college graduates the opportunity to have their student loans forgiven?
Pros
Fixed Interest Rate
Multiple Payment Plans
Deferment Options
One payment
Severed by lending institution & requires one monthly payment.
Avoid default
Allow change terms and lower monthly payments.
Lower payment
Offers variety of repayment plans
Protecting credits
Loan discount
Some banks offer discount on the students interest.
Cons
No do overs
Benefits are gone
Lose lender benefits
Pay more interest over time
No private loan consolidation
Why is it appropriate to give college graduates the opportunity to have their student loans forgiven?
Why is it not appropriate to give college graduates the opportunity to have their students loans forgiven?