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Graduates saddled with debt, student loans can't easily turn to bankruptcy

Source: USA Today Posted By: Jerry 3446 days ago

Thousands of college graduates are facing a student loan crisis.
The job market is shrinking, and the sour economy is preventing employers, parents and relatives from helping those who are behind on payments.

Student loan defaults are at their highest rate since 1998, and likely will go higher. And though federal student loans offer some payment modification options, private loans are far more onerous, because even filing for bankruptcy rarely wipes out the debt.

Congress might tackle bankruptcy....

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