A problem can be eliminated if the root cause is known, but what if the problem is result of several factors which have been accumulated with time and have become a part of the system and culture of a country? Student Loans problem which is now a thorn in the flesh of middle class Americans, and an election agenda for politicians, has shown continuous growth over the years, and is showing no sign of recovery. Who is to blame for this problem? It is not the consequence of a ma

The only area where student loans stand better than credit card debt, car loans, and mortgages are Deferment and Forbearance. These options give borrowers desperately needed time when they are struggling. According to a report by the NSLDS, approximately 23 % ($184.1 billion) of direct student loans and 19% ($72.8 billion) of Federal Family Education loans were in deferment and forbearance in the 2nd quarter of federal fiscal year 2015. Deferment is a temporary delay where th