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The Student Loan Reckoning Has Arrived
Summary by thedailyeconomy.org
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The Student Loan Reckoning Has Arrived
Millions of Americans are channeling the classic Eagles tune Hotel California in their experience with student loan debt: “you can check out any time you like, but you can never leave.” Two emergent trends encapsulate the inescapable trap of student debt repayment. First, the rate of serious delinquencies on student loans is approaching an all-time high. Second, student loan debts are intentionally made nearly impossible to discharge, even in b…
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