The US Department of Education has recently bared plans to set up measures for a “gainful employment” that would the growing number of students-in-need at the profit-run educational sector consolidate student loans.
The plan was ignited with statistics interpreting that private universities account for only 12% of the total school populace, whilst they also account for the 43% of students with default student loans. As a reform measure, the said US department has been working on a “gainful employment” measure that ensures the employment and financial stability after college graduations to consolidate student loans that they’ve incurred.
The US Department of Educations’ Federal Student Aid office is America’s largest source for student funding, awarding about $150 million in form of loans. Interested applicants could just proceed at the Education department’s office where they could get free-on site assistance and a little seminar on how to handle and consolidate student loans properly.