Allez au Canada devient beaucoup plus facile – Autres détails à savoir sur le processus (Les étapes)
Allez au Canada devient beaucoup plus facile – Autres détails à savoir sur le processus (Les étapes)
Student Loan Insurance
Millions
of families struggle to find ways to pay for college today. To help,
the federal government offers those covering the cost with student loans
the option to enroll in one of several income-based repayment (IBR)
plans that cap monthly payments and eventually forgive any outstanding
balances.
For some these plans are seen as the best and last hope for keeping college affordable. For others their $20 billion-per-year price tag is not only prohibitively expensive to taxpayers but also end up helping those who need it the least.
Higher
education isn’t the only market where consumers typically buy things by
going into debt. Millions of people finance new and used cars every
year at levels similar to what typical undergraduates borrow, and most
homebuyers end up with six-figure mortgages. Both are arguably as
important to families as education, yet consumers still manage to
successfully pay for these things without all of the repayment options
and economic hardship plans that student loans have.
One
reason lenders don’t need to offer such programs is that there’s a car
or a house that can be reclaimed when non-payment occurs. The other is
that insurance markets help lenders cover the risk of nonpayment, like
private mortgage insurance, or to deal with cases where assets lose
value before the loan’s paid off, like buying full-coverage insurance on
financed cars.
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