More than 40% of Americans who borrowed from the government’s main student-loan program aren’t making payments or are behind on more than $200 billion owed, raising worries that millions of them may never repay.
The new figures represent the fallout of a decadelong borrowing boom as record numbers of students enrolled in trade schools, universities and graduate schools.
While most have since left school and entered the labor force, 43% of the roughly 22 million Americans with federal student loans weren’t making payments as of Jan. 1, according to a quarterly snapshot of the Education Department’s $1.2 trillion student-loan portfolio.
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9 comments:
They're going to be upset when the feds start taking their tax return checks or garnish their wages.
A dollar a week would be a start.
These student invest in their education. Graduate and can't find a decent job. They end up at a $7.00 dollar minimum job. I don't blame them. The politicians steal more.
Most of these students are getting our tax dollars #!! If you can't afford to go to college DON'T GO!!! IF you can't find a job after college you have the wrong degree or not try ok ng hard enough! !!
They are being denied a proper education anyway.
deadbeats...i hope they are absolutely required to pay back. NOT MY RESPONSIBILITY ...
meanwhile the government bailed out gm, wall street, solar companies, and f'd all these kids! yup sounds right to me! debtors prisons here we come! lockem up and throw away the keys~
Don't pay the loan, Don't get the sheepskin
I think they're too lazy to call and make arrangements for reduced payments. They will work out a reasonable payment plan if you can show hardship.
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