MBA Students Find Solace in Obama’s Student Loan Reform

Getting to one of the top business schools is certain an expensive adventure. Many reports indicate that MBA students end up in a six figure loan by the time they finish their course. The reform program is quite detailed; here are three major benefits one can get out of it.

1. It will reduce monthly instalments to 10 % of monthly discretionary income.

2. Drop interest rates for those who consolidate into the government’s direct loan program.

3. Any remaining balance will be waived after 20 years.

Source usnews

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