The Ballad of Sallie Mae

http://www.futureofcapitalism.com/2010/03/the-ballad-of-sallie-mae

That was a good Wall Street Journal editorial earlier this week on Sallie Mae, but it missed one potentially significant point; according to this Mark Knoller tweet, student loan repayments are now limited to a maximum of 10% of annual income, with forgiveness after 10 years. Yet more incentive for graduating college students to head off into non-profit or entry-level government work, or to do something else that keeps their income low enough that it caps their loan repayment.

by Ira Stoll  |  Mar 31, 2010 at 11:39 pm Related Topics:  Non-Profits, Press receive the latest by email: subscribe to the free futureofcapitalism.com mailing list