What's Going On With Student Loans?
Death, Sex & Money
00:00
Fresh Start
The department of education is going to be formally announcing a program they're calling fresh start. Any federal defaulted borrower will be given the opportunity to get out of de awithout having to make nine payments in a row, or without consolidating. It's essentially a get out of jail free card. So that's an opportunity for a savanna's fiancee to get their loans back in good standing without any additional penalties. And from there, he can pay it off, get on an income driven plan if the payment's too high and at 90 grand a year, sounds like it'll be very affordable.
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