Freshman Year for Free program offers help in cutting student debt

Freshman Year for Free program offers help in cutting student debt

 There are two words that can rock people with regret. Just ask them about their “student loans.” Then watch their faces. They will wince as they disclose how much education debt they’re carrying. Politicians have been promising to fix the growing loan crisis for years, but outstanding student debt has now mushroomed to $1.4 trillion. Meanwhile, a college degree has become out of reach for so many — unless they’re willing to go deep into debt. But Steve Klinsky, founder and chief executive of the private equity firm New Mountain…

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