Fox news reports that many students are now filing bankruptcy - even though they know they cannot get rid of student loans. Perhaps this is way for the government to get real honest numbers of how many people ARE in default and how many need help.
Kids (students) today are graduating from 2 and 4 year colleges in the worst economy since the great depression and government is not doing one damm thing to help them avoid default status.
see http://www.foxbusiness.com/personal-finance/2011/09/13/more-college-grads-defaulting-on-student-loans-filing-bankruptcy/#content
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