Connecting the dots on a weekend and thinking about recent student loan news. Most standard personal finance courses spend way too little time on this issue of student loans and more broadly paying for college. Why? One major reason is the national standards have not emphasized this issue of college finance (see how many times you find “college” and “student loans” in this 52 page document).
So, what are the dots that I am connecting and why the imperative to include in your curriculum? 1) almost 50% of student loan borrowers are struggling; 2) the fastest growing segment of student loan market is over 60; 3) the largest student loan servicer is being sued for“systematically and illegally failing borrowers at every stage of repayment.” Kinda makes you wonder how much #3 contributes to #1 but I digress: