Wednesday, 19 February 2014

Debt collectors are gorging themselves on student loans

The Week MagazineDebt collectors are gorging themselves on student loansThe Week MagazineDebt delinquency exploded during the financial crisis, but has since steadily decreased for every type of debt — except that of students. Because the bankruptcy code is badly skewed when it comes to student loans, total debt collection has risen steadily.

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