College Tuition Continues to Grow and Young Borrowers Are Forced to Take Out Large Student Loans

author by Gregory Mark Fitzgerald on May. 07, 2018

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

Summary: Defaulting on a student loan almost always entails negative consequences, especially for young borrowers. In some cases, they may be forced to hold off on getting married, having kids, or starting businesses.

"With high tuition costs at so many colleges and universities, educational opportunities would simply cease to exist without student loans. They are the necessary evil, the double-edged sword, and the burden of over 44 million borrowers in the US today."

Read the entire article on the official Fitzgerald & Campbell, APLC blog. For more information on how to conquer your debt, be sure to check out The Bankruptcy Alternative, now available for purchase on Amazon!

Legal Articles Additional Disclaimer

Lawyer.com is not a law firm and does not offer legal advice. Content posted on Lawyer.com is the sole responsibility of the person from whom such content originated and is not reviewed or commented on by Lawyer.com. The application of law to any set of facts is a highly specialized skill, practiced by lawyers and often dependent on jurisdiction. Content on the site of a legal nature may or may not be accurate for a particular state or jurisdiction and may largely depend on specific circumstances surrounding individual cases, which may or may not be consistent with your circumstances or may no longer be up-to-date to the extent that laws have changed since posting. Legal articles therefore are for review as general research and for use in helping to gauge a lawyer's expertise on a matter. If you are seeking specific legal advice, Lawyer.com recommends that you contact a lawyer to review your specific issues. See Lawyer.com's full Terms of Use for more information.