Forget credit card debt, our educational loan industry is producing a generation of students shackled with exploding and uncompromising debt. The federal government has stripped students of all consumer protections and rights and when they default, it’s a feeding frenzy for collection agencies. With default rates higher than subprime mortgages, debt that is inescapable, and collection powers only a mobster would envy, the future for our freshman could be disastrous.
The real cost of your debt.. Amazing 🙂