AGR Daily 60 Second News Bites

While these lawsuits involve borrowers who have defaulted on their student loans, the student loan crisis continues to grow.

More than 44 million student loan borrowers collectively owe more than $1.4 trillion in student loans, according to the most recent student loan debt report from personal finance site Make Lemonade.

Student loan debt is now the second highest consumer debt category – second only to mortgages.

According to Make Lemonade, about 11% of students default on their student loans each year.

via Why $5 Billion Of Student Loans May Be Wiped Out – Kopitiam Bot

View original post

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.