There was a news article going around this week that had a shocking headline – due to lost paperwork, billions of dollars in private student loans might be forgiven or cancelled. This article, published first in the New York Times, was picked up by other media outlets across the country and shared repeatedly on social media. Student loan forgiveness is, after all, big news.
Except, it’s just a little bit more complicated than that. Sorry to be the bearer of a tough reality check, but we all need to take a deep breath and take some time to learn about what’s really going on here.
Here’s my analysis.Read More