John Hupalo, founder of My College Corner was featured on Bloomberg #DayBreak with Alix Steel and David Westin, covering the critical topic of student lending. This is a big issue, and John shared his insight to help find student loan debt solutions, especially for families planning for college now.
- Student loan debt should be the last resort, not the first option when trying to pay for college.
- Colleges are allowed to package loans as part of the financial aid award letter, so students see an easy payment option. 2/3rds of all the defaulters are $10,000 or less. There’s a college completion problem. Let’s help people get though college a bit quicker without all this debt. We need to make wiser choices up front.
- Saving a dollar today is better than borrowing one tomorrow!