Staggering Student Loan Defaults On Deck: 27% Of Students Are A Month Behind On Their Payments

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Updated: Feb. 4, 2019. It’s 2019, and Americans are more burdened by student loan debt than ever. Among the Class of 2018, 69% of college students took out student loans, and they graduated with an average debt of $29,800, including both private and federal debt. Meanwhile, 14% of their parents took out an average of $35,600 in federal Parent PLUS loans.

Staggering Student Loan Defaults On Deck: 27% Of Students Are A Month Behind On Their Payments 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.

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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*Tyler Durden, "Staggering’ Student Loan Defaults On Deck: 27% Of Students Are A Month Behind On Their Payments. " Zero Hedge, 15 april 2017. **jade scipioni, " Why Betsy DeVos Is Visiting This Ohio School Today.

The Looming Last Gasp of Indoctrination? The inevitable collapse of the student loan "market" and with it the take-down of many higher educational institutions will be one of the happiest and much needed events to look forward to in the coming months/years. Whether the student loan bubble bursts on its own or implodes due to a general economic collapse, does not matter as long as higher.

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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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