Here’s the mathematical secret to the cheapest…
The problem: About 750,000 Coloradans are saddled with nearly $28 billion in student loan debt, according to the state attorney general’s office.
Yu-Jui Huang, an assistant professor in applied mathematics at CU, collaborated on a study with Paolo Guasoni, head of mathematical sciences at Dublin City University in Ireland to figure out the best way for borrowers to pay off ever-increasing student loan debt. Saeed Khalili, CU research assistant in the math department, supported the study, which was published in the Society for Industrial and Applied Mathematics journal this year.
Of the 750,000 Coloradans weighed down by student debt, more than 100,000 are in default and not making their loan payments, Kelsey Lesco, Colorado student loan ombudsperson with the state attorney general’s office, said.
“We often think about student debt as just a financial problem, but it’s a human problem,” Lesco said. “People aren’t just in debt. They’re delaying marriage. They’re not able to have kids. They’re not able to pass a credit check to get a job. It’s a huge problem.”
