Home » , , , , » Report Details Woes of Student Loan Debt

Report Details Woes of Student Loan Debt

Written By Julianna Benson on Saturday, February 16, 2013 | 7:51 AM

Report Details Woes of Student Loan Debt - As in the housing market, securitization of student loans led to more aggressive underwriting for borrowers who could not possibly afford the debt they took on, according to a government report.

Report Details Woes of Student Loan Debt

The 131-page report was formally released by the Education Department and the Consumer Financial Protection Bureau on Friday. It provides new estimates for total outstanding student loan debt: more than $1 trillion in 2012, composed of $864 billion in federal government loans and $150 billion in private student loan debt.

Cumulative defaults on private student loans exceeded $8 billion, a sum from over 850,000 distinct loans.
That total has risen in the last decade as lenders bypassed college financial aid offices and marketed loans directly to students. Students often signed on without realizing the difference between private and government loans or that government loans usually offered better terms, the report says.
Private student loans, for example, usually charge higher interest rates and are harder to discharge in bankruptcy.
Description: Report Details Woes of Student Loan Debt
Rating: 5
Reviewer: Julianna Benson
ItemReviewed: Report Details Woes of Student Loan Debt
Share this article :

11 komentar:

  1. As many other employed people I also had several credits. It is better to have one concern than many, so I made the decision about restructuring of the credit. I used http://creditcard-consolidationloan.com/ service to effectively cover my debts and pay significantly less every month. They will help you to find preferred payment schedule and interest fee.

    ReplyDelete
  2. thanks for fomment keti but dont spamming please..
    :)

    ReplyDelete
  3. You've seen the commercials that promise debt elimination on late-night TV; detected them on the radio as you're driving home from work or taking the youngsters to association football observe. you will even have received what look like legitimate letters from what look like legitimate firms in your mailbox. all of them appear to vow constant factor.

    Thanks:
    PPI Claims Made Simple

    ReplyDelete
  4. We all take into account we have the blog owner to thank because of that. The most important explanations you have made, the straightforward web site navigation, the relationships you assist to foster – it’s got many great, and it’s really making our son in addition to us consider that the concept is interesting, which is extraordinarily pressing. Thank you for the whole thing!
    Personal Loans for Bad Credit

    ReplyDelete
  5. Great information, thanks to share it. I can say the facts shows that in current scenario student loans are growing, that means now students don't have to face money problem for higher studies.
    Direct lenders for payday loans

    ReplyDelete
  6. I am commenting to make you know of the wonderful encounter my friend’s daughter gained using your web page. She realized plenty of pieces, including what it is like to possess a marvelous helping character to make folks really easily fully grasp specified complicated matters. You undoubtedly did more than her expected results.
    Direct Lenders for Payday loans

    ReplyDelete
  7. Hey……Good news to all of you. Get free short term loans without any charges just need to fill a form and get instant easy loans within 24 hours.Easy fast payday loan, payday loans with no faxing

    ReplyDelete
  8. Hey……Good news to all of you. Get free short term loans without any charges just need to fill a form and get instant easy loans within 24 hours. Easy fast payday loan, payday loans with no faxing

    ReplyDelete
  9. I know wordpress is done in PHP so i was wondering if anybody knew the specifics of the coding and how I would go about doing this.. . Thanks!.
    http://www.bucksfinancer.org/

    ReplyDelete
  10. Really, after reading this blog I am impressed and I will surely share this blog to by friends, so that they can get benefit of this great blog content. Thanks for this awesome post.
    Payday Loans In Florida

    ReplyDelete

Help MeTo Keep This Blog

Adverteisment

 
Support : College In USA
Copyright © 2013. College In USA - All Rights Reserved
Template Created by Juliana Benson Published by SEO Template
Proudly powered by Blogger