America’s Problem with Student Loans Is Much Bigger Than Anybody Realized | Stillness in the Storm

(Shaun Bradley) The Department of Education recently released a memo admitting that repayment rates on student loans have been grossly exaggerated. Data from 99.8% of schools across the country has been manipulated to cover up growing problems with the $1.3 trillion in outstanding student loans. New calculations show that more than half of all borrowers from 1,000 different institutions have defaulted on or not paid back a single dollar of their loans over the last seven years.

Source: America’s Problem with Student Loans Is Much Bigger Than Anybody Realized | Stillness in the Storm

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