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

“Staggering” Student Loan Defaults On Deck: 27% Of Students Are A Month Behind On Their Payments (ZeroHedge, April 15, 2015):

A new St. Louis Fed study finds that the delinquency rate for student borrowers in repayment is 27.3%, meaning nearly one in three of the Americans laboring under a debt load that has now swelled to $1.3 trillion are more than a month behind on their payments. Ackman says there’s “no way they are going to pay it back.” We can hear the “cancel the debt” cries now. 

 

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