Research Shows New Way to Curb Student Loan Default
Is there a better way to avoid student loan default?
Image via Pexels
Student loan default is growing rapidly, and experts say a crisis is looming if the trend doesn’t reverse. Borrowing is on the rise, as is average debt, along with default rates. But research shows a simple tweak in student loan servicing websites could likely end most defaults and help people get and stay on track with their student loans. Here’s a look at what you need to know to avoid a student loan debt crisis in your life.