Monday, September 22, 2014

When you can max out student loans — and not have to pay it all back

Programs that set student loan payments based on a person’s income and offer loan forgiveness after a certain number of payments are meant to encourage people with college debt to choose jobs based on the merit of the work and not the size of the paycheck.

But they may offer an unintended benefit for people going into public sector or nonprofit jobs — the ability to borrow more heavily than is necessary for a degree without having to pay it all back.

Read more in Washington Post

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