« State Capitol - Olympia, Washington | Home | Sweat Free Formula Review for Feet »
Bankruptcy Filing And Student Loan Defaults At An All-Time High
By admin | May 30, 2009
With the new bankruptcy laws, student loans are nondischargeable. This means that students coming out of school now with $2,500.00 to $250,000.00 in student loans will have to make certain financial decisions about their future employment and lifestyle. Also, this economy and job market may lead some potential law, medical and MBA students to think twice about their career choices. All one has to do is look at the interest and penalties that accrue if you default on a student loan to realize that you may have made a bad choice.
With the bankruptcy filing rate at an all-time high, the student loan default rate is also at a twenty year high and will continue to climb based upon rising unemployment numbers. These individuals have either their own student loan debt or they have taken on student loans for their children’s education.
Topics: Miscellaneous |