Student Loan Debt Ten Years Ago Was $600 Billion
Summary: If you are having issues paying your student loan debt, review every option available to you before going into default. The repercussions are long-term and can lead to wage garnishing, federal interception of tax refunds, and other major problems.
"There are 44 million borrowers in the US contributing to over $1.5 trillion in the cumulative student loan debt, with growing numbers falling into default. This is only expected to increase, unfortunately; analysts have been predicting that this student loan industry bubble will ‘burst’ soon, leading not only to more defaults but also negative repercussions to the economy."
Read the entire article on the official Fitzgerald & Campbell, APLC blog.
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