Private Loans Contribute to About $150 Billion in Student Debt Crisis

by Gregory Mark Fitzgerald on Jan. 28, 2019

Bankruptcy & Debt Credit & Debt Bankruptcy & Debt  Collection Other  Education 

Summary: Without as many choices for repayment to fall back on, such as deferment, forbearance, or income-based plans, private student loan borrowers may fall into delinquency or default simply because they are helpless to move forward.

"Cumulatively, student loan debt in the US totals over $1.52 trillion today, with private loans making up $150 billion of those figures. And while the result in taking out private loans is the same as taking out federal, there are big differences regarding interest and repayment options later."

Read the entire article on the official Fitzgerald & Campbell, APLC blog.

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