College debt feels out of control. Outstanding student loan-liabilities, almost all from federal loans, have more than doubled since 2009, to $1.57 trillion. News of distressed graduates with six- and even seven-figure balances abound. Some presidential candidates have called for widespread debt forgiveness and “free” college.
The complexity of the federal student-loan program is one of the reasons borrowers struggle to get a grip on their finances.
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