Student loans have received considerable media attention in recent months as researchers and policymakers voice growing concern about the heavy debt loads assumed by students and their parents. In addition to worries about the volume of outstanding student debt, there is concern about having enough federal aid to support the large number of.
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More than 1 million people default on their student loans each year. New research sheds light on which borrowers are at risk of falling behind, and the consequences of. For many, the payments are proving unmanageable.. This is in large part because many students who drop out of school. 18 months.
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Over 120 billion in student loans are already in default 27% of students are a month behind on their payments* As economic conditions deteriorate and there are even less meaningful jobs for college graduates than there are now, these numbers will only get worse.
The student debt-serfs who paid for all the shiny new buildings and fat admin salaries with future earnings aren’t doing so well, either: "Staggering" student loan defaults On Deck: 27% Of Students Are A Month Behind On Their Payment
CHICAGO – countrywide financial corp., the mortgage lender acquired by Bank of America, will offer interest rate and loan principal reductions plus other borrower relief valued at $8.4 billion to settle consumer fraud complaints in 11 states.. The accord, which includes relocation assistance for homeowners whose homes have been or are about.
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