Friday, February 09, 2018

Susan Dynarski featured on Michigan Radio’s Stateside

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Professor Susan Dynarski spoke with Stateside host Cynthia Canty about worldwide student loan policies and repayment programs.

“In the U.S., unlike in many other countries, the typical approach to student loan payment is that the first 10 years after you leave school, you pay a fixed amount. I, and many others, have argued that this is completely out of whack. The first years after college are when earnings are the lowest and most volatile,” she explained.

In other countries, she said, loan payments fluctuate according to earnings and they automatically come out of people’s paychecks. This allows payments to flex alongside the changes in employment status or income that occur commonly in one’s early career.

Dynarski suggests that low-income students should not pay on student loans until they have met an income threshold, at which point their payment could be deducted in the same way that payroll taxes are deducted.
 

Susan Dynarski is Professor, School of Education; Professor of Public Policy, Gerald R. Ford School of Public Policy; Professor, Department of Economics, College of Literature, Science, and the Arts

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