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Over 120 billion in student loans are already in default 27% of students are a month behind on their payments* As economic conditions deteriorate and there are even less meaningful jobs for college graduates than there are now, these numbers will only get worse.
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The US has around $1.3 trillion in non dischargeable loans to students; Over 120 billion in student loans are already in default; 27% of students are a month behind on their payments* As economic conditions deteriorate and there are even less meaningful jobs for college graduates than there are now, these numbers will only get worse.
The survey says, ".The Federal Reserve puts the median student loan debt balance at $17,000, with monthly payments of $222." More than half are failing to honor their contractual obligations. government guaranteed student loans are a deal with the devil.
One in four college graduates can’t make good on their student loans.. The Federal Reserve Bank of New York recently reported that as many as 27% of all student loan. because even though the borrowers have yet to technically default, the odds of those back payments ever being made are.
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The perilous condition of the student loan sector can be seen by looking at a few ominous pieces of data: The US has around $1.3 trillion in non dischargeable loans to students. Over 120 billion in student loans are already in default. 27% of students are a month behind on their payments*.