Op-Ed: CEO of SoFi Discusses How Changes in the Student Loan System Could Look Like

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Op-Ed: CEO of SoFi Discusses How Changes in the Student Loan System Could Look Like

Jan, 24th 2017

It's been a big year for student loan debt. Fueled by the voices of burdened borrowers who share more than $1.3 trillion in outstanding student debt, the commentary surrounding the student debt crisis seemed to reached a fever pitch this election season, and with good reason.

There are 44.2 million Americans with student debt, and 4.7 million of them are in default. Americans, particularly millennials, are delaying major life events like buying houses, starting families, and even saving for retirement. Instead of propelling them forward, the debt connected to higher learning is holding many people back.

The presidential candidates were attuned to this national dialogue. Bernie Sanders proposed making college tuition-and debt-free through lower student loan interest rates, allowing loan refinancing after graduation, and higher taxes on some...

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