Student-loan debt among issues on table for Alexander
By Michael Collins, Knoxville News Sentinel
U.S. Sen. Lamar Alexander. AP photo
WASHINGTON (News Sentinel) -
You take out loans, go off to college, and after earning your degree, you eventually pay off your debt.
In theory, at least. In reality, not everybody does.
Some 7 million borrowers are currently in default on their student loans, meaning they haven't made a payment in at least nine months, according to the U.S. Department of Education. The amount of those loans in default is a whopping $99 billion.
College affordability and crushing student debt — and what to do about those borrowers who don't repay their loans — are among the issues that await U.S. Sen. Lamar Alexander, R-Maryville, as he prepares to push this fall for reauthorization of the Higher Education Act.