Thursday, August 21, 2014

Over Half of College Student Loans Not Being Repaid on Time

Over Half of College Student Loans Not Being Repaid on Time:
"With U.S. wages plunging and the nation's over $1 trillion in student loan debt soaring, U.S. Department of Education data reveal that over half of the nation's most common form of federal loan, Direct Loans, are not being repaid on time. 
An analysis by Huffington Post reporter Shahien Nasiripour concluded that, "After adjusting for inflation, the average recipient of federal student loan funds owed 28 percent more in 2013 than in 2007.""

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