Consequences of late payments haunt borrowers
Many student loan borrowers are receiving unwelcome messages about their higher education indebtedness, and most of the blame, if not all of it, is attributable to them — their shoulders alone. Lack of attention or mere irresponsibility is coming back to haunt them, in a way that, for many, will take years to resolve, if not more than a decade. Information about these borrowers’ current predicament needs to filter down to the new “class” of borrowers — members of high schools’ Class of 2025 — who will be starting their studies at colleges and universities in the ...