Melissa Korn

speaker

822 appearances 14 recordings 1 series first heard Sep 2017 last heard Sep 2024

Melissa Korn’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Student-Loan Repayment Relief Extended to Jan. 31 · 9 Aug 2021 podcast

You're not actually paying down the principal, and that's where you start to see the total loan balance rise further.

So there's some downsides to that program as well, but your monthly payments aren't suffocating you or aren't so large that they're overwhelming you.

There are also other options.

There's a more targeted forbearance where you go into forbearance, you press pause on repayment, but the interest continues to accrue.

And one of the arguments that Republicans have is there are these other options out there.

There are other ways of helping borrowers who can't meet their payment requirements

requirements.

We don't need to offer so much relief to so many borrowers, some of whom can handle the costs right now.

WSJ Your Money Briefing · Many Master's Programs Leave Grads Short on Earnings to Pay Off Loans · 9 Jul 2021 podcast

So at some of these schools, their tuition is very high. voice-verified

They're in big, expensive cities. voice-verified

So the amount of money you need to just participate in that program is very high. voice-verified

And you can borrow every single dollar of it. voice-verified

And there's no consequence to the schools if these master's graduates don't pay off the debt. voice-verified

So overall, for many programs or many students in many master's programs, the situation is pretty bad. voice-verified

We looked at debt loads at graduation and earnings two years after graduation, as well as repayment rates. voice-verified

So who's actually making progress on paying down their loans two years out? voice-verified

for master's programs around the country. voice-verified

And we were pretty surprised to find that these programs at very prestigious universities, very wealthy, elite universities, where the schools really bend over backwards to provide financial support for their undergraduate students. voice-verified

But once it comes to graduate students, they're just kind of pointed in the direction of federal loans. voice-verified

So we saw that graduate students at a number of master's programs at Ivy League schools, at USC, at Northwestern, other really top schools were really struggling under the weight of the debt that they had taken on to pursue these degrees. voice-verified

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