U.S. To Forgive at Least $108B in Student Debt in Coming Years

Re:U.S. To Forgive at Least $108B in Student Debt in Coming ... by ourmandave on Wednesday November 30, 2016 @09:26AM (#13070939)

I took the Scared Straight approach with my daughter.

1. On-line loan repayment calculators showing you're monthly payment for years.

2. Youtube videos under the search "I majored in debt".

3. The FAQ on the loan servicer's website; or "Where's all this interest coming from?!"

http://www.studentloan.org/about-us/frequently-asked-questio...

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Re:U.S. To Forgive at Least $108B in Student Debt in Coming ... by cableshaft on Wednesday November 30, 2016 @11:08AM (#13071836)

Good approach. It won't sink in unless they see how it has already affected other people. Did she decide to be more modest in her college ambitions after that?

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