The article ignores the recent Biden admin student loan forgiveness plan
You only have to pay 5% of your disposable income to your student debt. These parents with parent plus loans are going to be fine with that
In fact that’s a loophole that some are talking about that by will make college very cheap for middle class parents at the right life stage. Parents take out a big loan for their kids and then retire so their income becomes very low and the 5% payment becomes almost nothing and then after 10-20 years the remaining balance is totally forgiven
You only have to pay 5% of your disposable income to your student debt. These parents with parent plus loans are going to be fine with that
In fact that’s a loophole that some are talking about that by will make college very cheap for middle class parents at the right life stage. Parents take out a big loan for their kids and then retire so their income becomes very low and the 5% payment becomes almost nothing and then after 10-20 years the remaining balance is totally forgiven