Student debt “relief” companies are still a plague – CBS News

Imagine charging someone for debt relief, when all youre doing is filling out government forms. Thats what has been going on for years when it comes to college loans. And its classic financial exploitation.  Desperate borrowers go to websites claiming loan forgiveness and often get charged for free government services. Its clearly a swindle, but federal regulators have …

Forgiving all US student loan debt sounds amazing. Here’s why it’s a terrible idea – Quartz

The United States economy faces many challenges, but student debt isnt one of them. Its true, total outstanding student debt is $1.26 trillion, far larger than car loans, which are $1.1 trillion or credit card debt, weighing in at $0.73 trillion. But still, student loan debt isnt something most Americans (even indebted millennials) should worry…