Lenders Mobilize to Help College Kids Manage Student Loans
"Amid an explosion of student-loan debt, private lenders, credit-rating agencies, and nonprofits have begun offering consumer-friendly opportunities for students to take the financial anxiety out of borrowing for college," CNBC reports. "Financing a college education in America has long been a catch-22. To get the income-enhancing benefits of a college degree, many undergrads saddle themselves with student loans that promptly eat into their earnings after they graduate. ...The cost side of the problem may be getting better too. 'Higher education institutions are innovating ways, like leveraging technology, to bring down the cost,' says Haley Chitty, director of communications at the National Association of Student Financial Aid Administrators."
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