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Wednesday, February 8, 2012

Student Debt Pushing More People Toward Bankruptcy, Lawyers Say

“Nearly one-quarter of attorneys say the number of potential student loan clients has risen 50% to 100%, while 39% of attorneys report increases of 25% to 50%.”

Student debt is rising for obvious reasons: steadily spiraling college costs, financial aid cutbacks at public universities and a stubbornly weak economy that’s making it difficult for graduates to find jobs.” (Los Angeles Times)

People bought the line that owning a house was the key to prosperity, too.

FEE Timely Classic

Why on Earth Do We Have a Student Loan Crisis?” by George C. Leef