Is it to safe to say that we have all dodged student loan payments at some time in our life? Does the word deferment ring a bell to any of you? Nobody likes to receive those letters in the mail which is why sometimes we just throw them away and act like we never even got them. Well all these actions might be coming to a halt real quick.
According to reports, the GOP is trying to propose an overhaul of the student loan/debt system, which includes deducting borrowers’ monthly loan payments from their pay checks automatically. Senator Alexander had this to day on the proposal, ” It makes sure if there were no money earned, there would be no money owed, and that would not reflect negatively on a borrower’s credit”.
What do you all think about this new proposal?