Dealing with your Student Loan Debt

Student Loan defaults are skyrocketing with approximately 14 percent of all students that graduate with student loan debt defaulting within three years of making their first payment.  There's more debt out there in student loans than ALL CREDIT CARD DEBT COMBINED.  Even President Obama is addressing the topic, as he announced an expansion of an existing program that allows students to pay back their federal loans based on their income.

Student loan debt has exploded.  College tuition have increased by 900% since 1978, while  job opportunities and salaries have not.  When you can't pay your student loans, the creditors get mad.  In some cases they don't even have to sue you before they start taking money out of your paycheck.  For the ones that do sue, "reasonable legal fees" of 20-30% are common.

However, you can fight back.

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