Learning Curve

Your Wallet: Getting financial aid, and getting out

Jenny Ament Sep 26, 2014
HTML EMBED:
COPY
Learning Curve

Your Wallet: Getting financial aid, and getting out

Jenny Ament Sep 26, 2014
HTML EMBED:
COPY

This week, we learned that defaults on federal student loans declined in 2013 for the first time in years. 13.7 percent of student borrowers *who were in their third year of repayment defaulted on payments after they started coming due, that’s about a point lower than last year. But defaults are still far above what they were before the recession. Student loans can be scary and emotional… but key to getting an education.

How would you redesign student financial aid?

Here’s what students at the University of Southern California had to say.

*CORRECTION: A previous version of this article did not clarify that this applies to borrowers who were in their third year of repayment.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.