I suspect the money budgeted for repayments is getting sucked up by inflation. My wife and I never changed our budget. The $1425 for my wife’s normal repayment got swept into the separate checking account each month. I did take most of that money and throw into the stock market.
Loans aren’t the problem, the cost of college is.
Yes, but the unlimited amount of loans that the Federal Government is pumping into the education system is what is driving up cost. Its no different than the effect the stimulus money is having on the general economy.
I agree, schools can keep jacking up tuition and costs because they know students have access to loans, the schools don’t give a rats ass if the students can’t reasonably repay it.