<p>Enrollment in the plans has surged 40% in the last 6 months.
Includes 1.3 million Americans who owe $72 billion dollars</p>
<p>Are these plans keeping college costs high?</p>
<p>Leave it to the law schools to take full advantage.</p>
<p>Sorry so cryptic....I'm on my phone.
<a href="http://money.msn.com/saving-money-tips/post--student-debt-forgiveness-plans-skyrocket">http://money.msn.com/saving-money-tips/post--student-debt-forgiveness-plans-skyrocket</a></p>
<p>"…Government officials are trying to rein in increasingly popular federal programs that forgive some student debt, amid rising concerns over the plans’ costs and the possibility they could encourage colleges to push tuition even higher."</p>
<p>"…The plans’ long-term costs have greatly outpaced the government’s predictions. In the last fiscal year, debt absorbed by the repayment plans from the most widely used student-loan program—Stafford loans—exceeded government expectations from a year earlier by 90 percent."</p>
<p>Hmmm … I didn’t realize that student loan forgiveness plans had been around long enough for any debt to have been forgiven yet.</p>
<p>Problem is going to be that only people who are likely to not make much will participate. The dude majoring in CS at Berkeley isn’t going to get involved with this, it’s going to be the guy studying English Literature at Eastern Michigan. </p>
<p>The article seems to focus on Law school graduates. Where the stakes are higher, more debt, more volatility in repayments. </p>