10 Fun Facts About the Student Debt Crisis
With so many people bogged down with student loan payments, it's wonder our economy isn't doing worse.
10 Fun Facts About the Student Debt Crisis
http://www.genyize.com/blog/2014/10/14/vfye112gkea6wz2u0n5d8h0syl5c5e
Fun Fact #7:
"Out of the nearly 40 million borrowers, about seven million have defaulted on these student debts. Translation: 7 million (or about 2 percent of the population of the United States) have had their credit trashed as a result of their student loans and can have 25 percent in penalties added onto their total loan debts. To add insult to injury, about 60 percent of employers run credit checks on applicants before hiring or promoting, making it close to impossible for millions to get a higher paying job to actually repay these debts."
