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Angela Hill

 Email: angela@wwl.com
Twitter: @AHillWWL


Angela: Are student loans America's next big nightmare?

We all know what happened when the housing bubble burst. Our economy went into a death spiral that six years later, we are only now coming out of. But according to a recent Bloomberg Businessweek report there is another threat on the horizon; a one trillion dollar student loan debt with an almost 12% delinquency rate.

Those loans are mostly backed by the United States government, which means for every loan not paid by the individuals who took it out… we the taxpayer write the check.

For those who continue to pay twenty, thirty, fifty or one hundred thousand-dollar loans, it may well mean they are not buying a house or a car or many things that might be considered the making of the American dream. It’s a serious problem, and what we need to discuss is the solution.   

FULL AUDIO: Angela talks student loans with debt experts
 


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02/18/2014 12:38PM
Angela: Are student loans America's next big nightmare?
Please Enter Your Comments Below
02/18/2014 3:07PM
frasks@aol.com
Please send me the name of the site to go to to find help for my son and his wife. He has been without a full time job for two years and she has a medical problem.
02/18/2014 4:09PM
clbshoemake@Gmail.com
Is there a transcript or recording of the show I can access? My husband and I have been trying to buy for a few years now, trying to clean up my credit all these years. Now I know my student loan debt is holding us back. I too have not been able to find gainful employment.
03/24/2014 5:03PM
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