Student loan debt hovers at more than $1 trillion, a threefold surge from a decade ago, and a record number of college students who graduated as the financial system nearly imploded have an average debt load of more than $20,000. More than half of recent graduates are unemployed. And if they do have a job, it is probably a low-paying one that does not require that expensive college degree. Some Americans, including baby boomers whose savings were devastated by the financial crisis, are still struggling to pay off their student loans well into their 50s. For the debt settlement industry, all this means a tantalizing gold mine of new customers. ~ “Your entire student loan can be forgiven,” Broadsword Student Advantage of Carrollton, Tex., boasts in radio ads.
Posted on: Mon, 14 Jul 2014 03:10:23 +0000
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