Insurance care in 71% of people who graduated from college in 2012 have student loan debt.
Full disclosure,I have quite a lot. Like, so much. Again insurance, The average graduate borrowed around $29,000. The total number of student loans owed in the US today has surpassed 1 trillion dollars with numbers rising every year. It’s reasonable to expect that some insurance if not many of those borrowers will have to default on their debt at some point. So, what will that look like? How bad is defaulting on your student loans?It’s pretty bad. Most students use federal loans to pay for their education, and the Federal Government has many ways to get back its money. The Treasury Offset Program allows the US Department of the Treasury to take your tax refund and give it directly to the Department of Education to pay down your loan. They are also legally allowed to garnish up to about 15% your wages, which means taking money directly out of your paycheck on insurance. Some states also allow