How Many Student Loans Are Financed

Everyone knows american are swimming in credit card debt. But just this year a new debt has quietly surpassed our consumer spending addiction.

Student loan are now at $829 billion and the following  protections have been removed from students loans. Statute of limitations on collections, truth in lending act, fair debt collection practices act, the right refinance, adherance to state usury laws. 
The hardest collection methods are reserved for student loans. If you miss a few payments and can be subjected to wage garnishment without a court order and suspension of state professional licences.

Student Loans

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