40 years of debt: Student loan borrowers’ struggles expose flaws in system

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40 years of debt: Student loan borrowers’ struggles expose flaws in system
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Years of administrative failures and poorly designed programs have denied many borrowers an off-ramp from a perpetual cycle of debt.

The road to repayment

Those last two factors played a starring role in Hamilton’s struggle to repay his student loans. After a dispute with an instructor, he left Cochise before completing his aviation studies. That led to a series of low-wage jobs and relocations for work. School loans were low on the list of priorities for the father of five. Hamilton doesn’t recall receiving any notice to make payments for the first decade after leaving school, which he suspects is because he moved around so much.

“It’s tough because they’re taking all of this money, for all of these years, and nothing is going to the principal,” Hamilton said. “I’m getting nowhere. I was climbing up, but my debt kept going up.”

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