May 1, 2012

STUDENT LOANS - ABUSIVE DEBT COLLECTORS



Having kids or grandkids in college incurring
vast sums of debt is going to be part of

"The Golden Years".
LINKS TO STORIES:
US employs Vinnie the kneecapper
to collect student debt
Jodi Romine took out $74,000 in student
loans
to help finance her business-management degree
at Kent State University in Ohio.
What seemed like a good investment will delay her
career, her marriage and decision to have children.

NOTE:
US student loan debt, which stands at over $1 trillion,
increases by $40-50 billion (!!) each month
(or $500-$600 billion per year).
Of this debt 27% is 30 days or more delinquent.
Student debt exceeds the total credit card debt in the US.