Staggering Student Loan Defaults On Deck: 27% Of Students Are A Month Behind On Their Payments

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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.

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When comparing loans, a primary consideration is the interest rate. The loan with the lowest annual percentage rate for a given loan term is the least expensive – and usually the best choice. But other features, including no fees, soft credit checks and whether lenders directly pay creditors if you’re consolidating debt, set some loans apart.

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While many people borrow responsibly, there are a growing minority who struggle to pay their loan bills. With the cost of living. paid for by high interest payments. ‘In 2006 the Competition.

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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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On one occasion it was a discussion about whether a tiny little space should be set aside for students of a certain group. On another it was a pizza party for women students. But ever and anon, at.