Debt Sentence
Student Loans Going from Repayment Plans to Punishment Phase
Millions of Americans are about to discover that their student loan problems can get much worse—and Dr. Michael C. Grayson says many borrowers have no idea what is coming. As sweeping changes to federal student loan repayment programs take effect, borrowers who have grown accustomed to flexible repayment options may soon find themselves facing dramatically higher monthly payments, damaged credit scores, aggressive collection efforts, and serious financial hardship. The consequences of inaction are becoming increasingly severe, particularly for those who are already behind on their obligations.
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