Monday, November 3, 2014

More than just high earners have staggering student loan debt....

The supposed good news for today? I came across this piece in Reuters and think it is a bit misleading. The gist of the article is that most people, such as doctors and lawyers, with high student loan debt also earn a high salary. Unfortunately, this is not always the case. Many low to mid salary earners also carry a burdensome amount of debt. That's not good news for anybody.

On a better note, there is some help for those with private student loans. I've mentioned this before, but the CFPB handles some private student loan issues. They are a great starting point for misbehaving loan servicers and companies.

Example A:

http://consumerist.com/2014/10/16/cfpb-private-student-loan-companies-provide-few-options-for-borrower-driving-them-to-default/


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