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Student Loan Defaults

Source: New York Times Posted By: Peter 3711 days ago

Re “In Grim Job Market, Student Loans Are a Costly Burden” (Business Day, April 18):

As your article rightly points out, borrowers of federal student loans have multiple options to postpone or lower payment in special circumstances. Unfortunately, our federal student loan system doesn’t always make it intuitive or easy for borrowers to gain access to information.

A recent study of borrowers by American Student Assistance, a student loan guarantor, showed that an astonishingly high 81 percent....

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