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Is the Great Recession the Reason for Today’s Student Loan Crisis?

by Gregory Mark Fitzgerald on Dec. 13, 2018

Bankruptcy & Debt Credit & Debt Bankruptcy & Debt  Collection Other  Education 

Summary: Delinquencies and defaults on student loans are not only damaging to credit; they can lead to collections lawsuits, interception of tax refunds, wage garnishments, and more.

"Recent news points out that today’s student loan crisis is the legacy of the Great Recession beginning in 2008, back when there was a cumulative debt of only $671 billion. As unemployment began to grow from there and wages were not increasing along with the cost of living, borrowers began to struggle, and schools began to raise tuition."

Read the entire article on the official Fitzgerald & Campbell, APLC blog.

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