Over 40% of People Falling Behind on Student Loan Payments

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The Wall Street Journal reported that as of January 1st, 2016, 43% of the 22 million people with student loans were not making their student loan payments. About 3.6 million of that group are in default. There are some doubts as to whether these former students will ever repay their student loans. The borrowers tend to pay on other debts that they feel are more important, such as car loans and mortgages.

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