Many Borrowers Working Just to Pay Student Loan Debt
by
Gregory Mark Fitzgerald on Dec. 07, 2018
Bankruptcy & Debt Credit & Debt Bankruptcy & Debt Collection Other Education
Summary: If you are a student loan borrower worried about strained finances, remember that it is important to take every step possible to avoid defaulting. While you may hear of some borrowers letting their loans ‘go,’ be aware that there are many serious repercussions.
"Some [student loan borrowers] can make payments, graduating and moving into careers and promising incomes as hoped, but far too many other borrowers are dealing with an uphill struggle. For those in the 20- to 30-year-old range, an average student loan payment of over $350 can make life difficult, forcing around 11 percent of student borrowers today into delinquency and default."
Read the entire article on the official Fitzgerald & Campbell, APLC blog.