(CBS News)
Recent college graduates have entered one of the worst job markets in decades, with youth unemployment now standing at 14.5 percent.
To make matters worse, many grads find themselves trapped by expensive student loans. CBS News correspondent John Blackstone reports that filing for bankruptcy with those expensive loans offers no solution.
More than 500,000 students have defaulted on their student loans since 2008, but unlike in years past, bankruptcy is not an option for them.
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