TelevisionAccording to CNN, student loan debt is now greater than credit card debt.
InternetThe internet is an excellent source for information on student debt. Linked below is a government website intended to help student loan applicants find options for student loans.
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NewspaperAccording to the New York Times, with the rising tuition prices many families do not have any other choices than student loans. With the student debt climbing to $1 trillion and with the state of the economy it is no surprise that a third of these student loans are in default.
Debt collectors, however, are profiting on these defaulted loans. The Department of Education paid over $1.4 billion to these collection agencies in the last fiscal year. |