Explain student loans to a twentysomething!
December 20, 2013 10:42 AM Subscribe
I'm trying to figure out how federal student loans have changed in the past 5 years, including the Bipartisan Student Loan Certainty Act of 2013.
posted by annabellee to Education (3 answers total) 6 users marked this as a favorite
Help me understand that major ways student loans have changed in the past five years and what a student who has not taken out a loan since about 2006 needs to know.
What does the Bipartisan Student Loan Certainty Act mean for borrowers and for paying back down the road?
What changes in laws or rates should a prospective borrower anticipate?
Do these laws affect existing loans or just new ones?
I know there are a lot of websites that talk about how high student debt is and how no one will ever be able to pay them back, but I'm hoping to get an unbiased top-level summary of the latest developments. Thanks!