Monday, March 12, 2012

80 Percent Of Bankruptcy Lawyers Report A ‘Substantial Increase’ In Clients Buried By Student Loan Debt

80 Percent Of Bankruptcy Lawyers Report A ‘Substantial Increase’ In Clients Buried By Student Loan Debt: pA report released last week by the Federal Reserve Bank of New York showed that the total balance of student loans in the U.S. has reached $870 billion, while 27 percent of student loan borrowers are at least 30 days behind on their payments. Since 1985, the cost of college tuition and fees has sextupled. [...]/p