A brief 12-minute podcast about government funding of higher education.
“The U.S. Department of Education’s internal unit that handles defaulted federal student loans is in complete disarray. A chronic staffing shortage is causing borrowers and their advocates to experience unprecedented, hours-long wait times – sometimes ending in dropped calls.”
“An income-share agreement is a contract between a student and a pool of investors, whereby the investors would fund all or part of the student’s college education. In exchange, the student would remit a percentage of their income back to the investors for a period of time (typically between 10 and 30 years).”
“It is outrageous that an executive from the student loan company that has cheated students and taxpayers — and is at the center of every major industry scandal over the past decade — is now in charge of protecting borrowers’ rights.”