Friday, February 10, 2012

High Levels of Unemployment Among College Grads Creating Debt Problems

  • Student loan debt overload will be next financial crisis, survey says
    People with large student-loan debts are increasing their inquiries about bankruptcy, a survey finds, prompting bankruptcy attorneys to predict that the next financial crisis will be triggered by defaults on student loans. The National Association of Consumer Bankruptcy Attorneys survey found that 81% of the bankruptcy attorneys polled said such clients have increased "significantly" or "somewhat" in the past three to four years. Ninety-five percent said few of the debtors have any chance of obtaining a discharge. Accounting Today (2/9) LinkedInFacebookTwitterEmail this Story
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