The public debate over student debt is often focused on the roles of the students but leave out the colleges themselves. Colleges do not “shoulder none of the financial [risks] that comes with debt … [and] they get paid just as much regardless of whether students pay off their loans on time”(). With the solution of forbearance, it gives a little bit of breathing room before default kicks in which means you will no longer be eligible for forbearance, deferment, or lower payment options. Default loans are a burden to students owing to the fact that the loan will be due in full immediately. This ties into why lowering monthly payments is such a necessity because students need more time to work and get enough money to pay each month while not
