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.
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The US has around $1.3 trillion in non dischargeable loans to students; 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.
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· 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
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Staggering Student Loan Defaults On Deck: 27% Of Students Are A Month Behind On Their Payments The perilous condition of the student loan sector can be seen by looking at a few ominous pieces of data: The US has around $1.3 trillion in non dischargeable loans to students. Over 120 billion in.
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Staggering Student Loan Defaults On Deck: 27% Of Students Are A Month Behind On Their Payments 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.
Updated: Feb. 4, 2019. It’s 2019, and Americans are more burdened by student loan debt than ever. Among the Class of 2018, 69% of college students took out student loans, and they graduated with an average debt of $29,800, including both private and federal debt. Meanwhile, 14% of their parents took out an average of $35,600 in federal Parent PLUS loans.