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Students flock to ‘risky’ loans for college

Source: Posted By: Aidan P...3588 days ago

Kristin Schlaud brimmed with pride when she became the first in her blue-collar family to make it to college. But three years after law school, she is completely broke, saddled with almost a quarter-million dollar debt.

Schlaud didn’t buy a house she could not afford or run up her credit cards. She owes for her education.

As the cost of higher education is skyrocketing, so is the debt carried by young Americans.

An increasing number of college students are turning to private loans—one of....

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