Student Loan Defaults: Forty Percent By 2023
Bankruptcy & Debt Credit & Debt Bankruptcy & Debt Collection Other Education
Summary: If you are currently having trouble paying your bills and other debts, consider every other avenue before throwing in the towel to a default. While walking away from student loans may seem tempting, such action can have long-term, negative consequences.
"Even with a good income, it can be hard to pay the essential bills in life and then tackle a substantial student loan payment too; in fact, the financial burden may run so deep that some younger borrowers are forced into filing for bankruptcy almost before they even get a real start in life."
Read the entire article on the official Fitzgerald & Campbell, APLC blog.