40 Million and Counting Have Student Loans

“That has helped to push nationwide student loan debt to an all-time record of $1.2 trillion, an 84% jump since the recession.

Unlike other kinds of debt, student lenders are continuing to dish out loans to borrowers so young they don’t have proven financial track records or substantial credit histories.”

And I will add they are not dischargable in a bankruptcy case (extreme hardship, excluded).

Here is a link: http://finance.yahoo.com/news/40-million-americans-now-student-163200249.html

 

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