Faculty

McIntire Professor Dot Kelly Offers Student Loan Payment Guidance in USA TODAY

Kelly says borrowers shouldn't "put their heads in the sand" when it comes to paying back student loans.

Dot Kelly

Dorothy Kelly, a Chartered Financial Analyst and Personal Finance Lecturer at the McIntire School of Commerce. (Photo by Dan Addison, University Communications)

With a federal student loan payment pause extended until January and President Joe Biden’s recent announcement that he will grant $10,000 in student loan forgiveness, many across social media are dreaming and joking about never making another payment.

But in a recent USA TODAY article, “What if You Don’t Pay Back Student Loans? TikTokers Are Wrong about the ‘Ostrich’ Method,” Robert B. Hardaway, Jr. Lecturer in Personal Finance Dot Kelly cautions borrowers not to “do the ostrich thing.”

“You don’t want to just put your head in the sand and pretend and think it’ll go away,” Kelly urges. “Because that sets all these things in motion that you don’t want.”

Read the full article and Kelly’s sound advice on student loan repayment.

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