Three young women popping champagne to celebrate their recent graduation
Three young women popping champagne to celebrate their recent graduation
Wheeeeee! Debt!

Why Do You Give Care If Other People’s Student Debt Is Forgiven?

Gif that says HOO RAY
Gif that says HOO RAY

Roughly 3.6 million parents had taken out $96 billion in outstanding loans under the federal Parent PLUS program as of late last year, the study from Trellis Research said. Parent PLUS loans now account for about a quarter of total federal lending for undergraduates, a share that grew from 14 percent in 2012–13.

An increasing portion of parents also are struggling to pay off these loans. For example, the five-year default rate grew to 11 percent for parents who took out PLUS loans in 2009, up from 7 percent for the 1999 cohort, research has shown.

I wrote that one thing you didn’t really agree with. Interests include progressive policy, minor league baseball, and avoiding Zoom calls. Curious to a fault.

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