OUR TIME DAILY TRANSLATION
We've heard you say it many times: "Politics is like a foreign language." Well, we agree.
Each week, we summarize, simplify, and interpret different major news stories and how they affect our generation. We'll give you our take, and you can decide for yourself.
The amount of defaulted student loans now stands at $76 billion.
Some borrowers say they do not see a path out of default because they are sick, unemployed or facing so much debt they cannot imagine any way to pay it off.
WHY WE SHOULD CARE
Because there are not enough pathways for student loan repayment, students have become ripe targets for debt collectors.
OUR TIME OPINION
Individuals who have fallen behind on their student loan payments should be presented with fair and reasonable ways to pay off debt.