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Posts Tagged ‘college loan’

College Loans the Next “Debt Bomb”

By K&S on March 21st, 2012 | No Comments

Posted in: Debt Collectors
Tags: , , ,

According to a report last month from the Federal Reserve Bank of New York, student debt is now at $870 billion, topping the total owed by Americans on credit cards ($693 billion) and even cars ($730 billion). Right now, 27 percent of borrowers are in default. The nation’s bankruptcy attorneys have warned that unpaid student…

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