Federal Student Loans: What Happens If You Don't Pay? [POLICYbrief]
Short video featuring Jason Delisle and Adam Minsky
Short video featuring Jason Delisle and Adam Minsky
Since 1958, the United States federal government has offered loans to help college students pay for their education. Over the past decade, however, the default rate on these loans has risen sharply, with over 25% of former students failing to repay their loans.
What happens when federal student loans aren’t repaid? Student loan lawyer Adam Minsky and Jason Delisle of the American Enterprise Institute explore the troubling landscape of federal student loan repayment.
As always, the Federalist Society takes no particular legal or public policy positions. All opinions expressed are those of the speakers.
Learn more about Jason Delisle: https://www.aei.org/scholar/jason-delisle/
Learn more about Adam Minsky: https://minsky-law.com/about/
Resident Fellow, American Enterprise Institute
Jason Delisle is a resident fellow at the American Enterprise Institute (AEI), where he works on higher education financing with an emphasis on student loan programs.
Mr. Delisle started his career on Capitol Hill, first in the office of Representative Thomas Petri, then as an analyst for the US Senate Committee on the Budget. His work has led him to study the history and mechanics of federal student loans and other financial aid policies and to recommend budget process reforms for rules covering financial risk in government programs — including working on fair-value accounting for loan programs.
Before joining AEI, Mr. Delisle served as director of the Federal Education Budget Project at New America, where he worked to improve the quality of public information on federal funding for education and the support of well-targeted federal education policies. He was also an informal adviser on higher education reform for Governor Jeb Bush’s 2016 presidential campaign.
Mr. Delisle has written for a variety of publications, including Bloomberg View, The Wall Street Journal, and The Washington Post. He has also appeared on numerous national television and radio programs, including Fox Business, National Public Radio, and the “PBS NewsHour.”
Mr. Delisle has a master’s of public policy in budget and public finance from the George Washington University and a bachelor of arts degree in government from Lawrence University.
Attorney, Law Office of Adam S. Minky
Adam S. Minsky is one of the nation’s leading experts on student debt and is a pioneer in his field. He established the first law firm in Massachusetts devoted entirely to assisting student loan borrowers, and has since expanded his practice to include New York. He remains one of the only attorneys in the country with a practice focused exclusively in this field of law. Attorney Minsky has published numerous books and articles on student debt, and he regularly speaks at colleges, nonprofit organizations, and professional associations about developments in student loan law and higher education financing. Major media outlets frequently seek his expert opinions on national news and policy stories.
Attorney Minsky founded this practice because he took out student loans to help finance his own education, but when he encountered a serious problem with one of his student loan servicers, he couldn’t find anyone to help him. He established this firm shortly thereafter to help other borrowers who feel alone and overwhelmed by a student debt issue, and he has since helped hundreds of clients work through major problems with their student loans.
Do you need help with your student loans? Do you want personalized, individual attention to your student loan issue? Contact Attorney Minsky.