With the budget talks occurring in Washington it not surprising to learn that many of our military personnel have issues with repaying their student loan debt. Congress has enacted a number of protections and benefits for service members to help manage their student loan debt. Unfortunately, the complexities of these provisions, together with problems in loan servicing, have created difficulties for many military families when attempting to manage their debt. According to National Center for Education Statistics, the average cumulative amount of student loan debt for active-duty service members graduating from college in 2008 was $25,566.1 With over two million men and women serving in the military, ensuring access to clear information about how to successfully manage this debt is critical. Read The Next Front to learn the issues face our military personnel.
Additional Library Resources: