Student loan expert Sandy Duckett is hopeful college borrowers in Door and Kewaunee Counties will get the help they need from a new proposal from President Donald Trump aimed at addressing the debt crisis. By introducing a cap on student loan borrowing and simplifying the repayment process last week, the administration hopes to make a dent in t debt crisis which has some graduates facing over $28,000 in loans to pay. Duckett says the changes will have a positive impact on how people approach applying for loans in the future.
According to Forbes magazine, over 44 million borrowers have accumulated $1.5 trillion in student loan debt with the default rate hovering at around 11 percent.