I am a Member of Generation Debt
I am a member of Generation Debt. The loans I took out for my bachelor’s and master’s combined equate to exactly $62,779 of federal loan debt. Over my postsecondary career, I’ve taken out nine different federal loans and have consolidated five times. With many interest rates athistoric lows, the congressionally mandated rates on my loans range from 3.75 to 7.9 percent. And while I am ready, willing, and able to pay my loans back, I’ve found the process more difficult than I thought it would be. Now that I’ve gone through the repayment process, I believe there has to be an easier way. Here at Education Sector, my colleagues have envisioned just what this better option would be—an automatic income-contingent
