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Student Loan Default? What To Do
by Chris Malone,posted Jul 24 2013 5:14AM
I am one of those who believes the next big bubble to burst is the student loan debt. Let's be honest, most of us borrowed to attend college in the hopes of landing a more financially viable job. But with the recent impasse with congress letting interest rates of student loans double and tuition continuing to increase and the confusion of how many loans, where they are and when each of them become due for payment it raises some serious questions on what happens if you default?
It is ridiculous to have so much debt in hopes of landing a better paying job. What's the point? Colleges and universities need to remember that when asking each student to pay more in order to reach the American Dream.