A Shocking Number of Americans Are Behind On Student Loan Payments. How Can You Make Sure You Don't Become One of Them?
Student loans are a financial burden for many people across the United States. In fact, recent research on student debt shows Americans owe a total of $1.78 trillion.
Sadly, many people are not able to pay back what they've borrowed. In fact, a shocking 15% of people with student debt are behind on their payments. This puts them at risk of late fees, damaged credit scores, or even garnishment of their wages or seizure of their tax return in case of default.
While it's easy to see how people could fall behind on a huge debt balance, the good news is that there are often options to avoid missing payments and facing the dire consequences that follow.
Source Fool.com
