Private Student Loans: The Subprime Mortgages of the College World
Filed under: College Finance
With more than $1 trillion in student loans outstanding, many students and graduates are struggling under the weight of huge amounts of debt. But as a report from the Consumer Financial Protection Bureau reveals, one fairly small part of the student loan market appears to be most responsible for many of the problems borrowers face: private student loans.
According to the CFPB report, borrowers have more than $150 billion in private student loan debt. Yet the market for private student…
Private Student Loans: The Subprime Mortgages of the College World originally appeared on DailyFinance.com on 2012-07-20T16:48:00Z.
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