Income-share agreements, promoted by Betsy DeVos and Silicon Valley, may merely wind up moving the re payment burden from some pupils to other people.

Q: whenever is really education loan maybe not a pupil loan?

A: When it’s a “income-share agreement, ” a brand brand new monetary tool being promoted by Education Secretary Betsy DeVos.

With total outstanding student loan balances at $1.6 trillion and increasing, politicians are searching for solutions. Senators Bernie Sanders and Elizabeth Warren have actually proposed forgiving much or all current debt while making public universities and colleges tuition-free. Continue reading Brand New Type of Education Loan Gains Significant Help. Will there be A drawback? →