Saturday, May 4, 2013

More bad news for student loan borrowers

http://finance.fortune.cnn.com/2013/04/22/student-loan-debt-borrowing/

 
 
 
 Young, educated workers were once seen by banks as the most promising borrowers. That's no longer the case, thanks to student loan debt.
 
FORTUNE – Graduation season is upon us. It used to be that in the years after hopeful twentysomethings bid farewell to campus life, they'd start borrowing to buy many things typically associated with adulthood -- namely, a car and a home. Many had college loans to repay, but that's partly what made brainy go-getters so attractive to banks and lenders. They typically earn more over a lifetime, so they seemed like a safe bet.
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