General Information About Student Loan Debt
Authored By: American College of Bankruptcy and South Carolina Bankruptcy Court CARE Program.
Over 40 million Americans have an average student loan debt of $30,000. Due to unemployment or income below the poverty line, 28% of borrowers are unable to make payments on their student loans. It’s important to be aware of all the effects, advantages and disadvantages of taking out a student loan.
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Last Review and Update: Nov 01, 2023
