Nearly 40% Of Student Loan Borrowers To Default By 2023

Over three years ago, when the full extent of the student debt crisis was becoming apparent, the Treasury Borrowing Advisory Committeereleased a startling analysis and long-term forecast which showed two things: i) up to a third of all student loans are likely to end up unrepaid...

... and ii) the total amount total student loans, which currently amount to $1.48 trillion (nearly 50% more than all the credit card debt in America), is set to hit a whopping $3.3 trillion by 2024.

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