Student Loan Payments Cripple More Borrowers

For many Americans, student loans are the only way to pay for a college education, but new figures are showing that repaying them is crippling borrowers across the country. According to the Department of Education, the national two-year default rate rose to 8.8 percent last year from 7 percent in fiscal year 2008. The overall increase was mostly from students borrowing from the government to attend for-profit colleges. The troubling figures are coming at a time when recent graduates are...Full Story
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