Defaulting On Student Loans...the Price You Pay

While some of this news on student loan debts is depressing, it is worth noting that there are debt repayment options based on your income (make sure you ask about these), and the Department of Education is working on changes that would require debt collectors to offer borrowers an affordable repayment plan.  We also couldn't help but note that students who attend for-profit colleges often end up having the hardest time repaying their student loans.