The specter of student loan default looms large over millions of Americans, casting a long shadow on their financial futures. More than just a missed payment, default represents a cascade of negative consequences, impacting credit scores, employment prospects, and overall well-being. This exploration delves into the complexities of student loan default, examining its causes, consequences, and potential solutions. From rising tuition costs and unexpected life events to the intricacies of government programs and repayment plans, we’ll unravel the factors contributing to this pervasive issue. We’ll analyze the disproportionate impact on specific demographic groups and explore the long-term economic ramifications for Read More …
