So President Obama’s recent call to expand the already existing Pay-As-You-Earn, or PAYE, plan by basing monthly payments on borrowers’ incomes could offer some breathing room to those struggling with that debt, said Randy Green, President of the Ohio Association of Student Financial Aid Administrators.
With college costs rising at an alarming rate, more and more students are leaving school with a debt load that is stifling as they begin to start their post-college careers. David Dougherty, the former president of Convergys, which provides customer and information services to a variety of large corporations, has one solution. Since retiring, he has focused on a new non-profit, Education @ Work, which provides jobs and tuition incentives for college students, helping reduce their debt and earn valuable real-life work experience. David Dougherty recently stopped by our studios to talk more about Education @ Work with Mark Perzel