Student debt

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Student debt is a form of debt that is owed by an attending, formerly withdrawn, or graduated student to a lending institution, or to a financial institution.wikipedia
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Student loan default in the United States

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The Economist reported in June 2014 that U.S. student loan debt exceeded $1.2 trillion with over 7 million debtors in default.
Individuals who are worried that they are unable to service their student loan debt should receive advice and counseling.

Student loan

student loansloanseducation loan
The lent amount, often referred to as a student loan or the debts may be owed to the school (or the bank) if the student has dropped classes and withdrawn from the school, or if the student has graduated but is underemployed.

Student loans in the United States

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Student loan debt in the United States has been growing rapidly since 2006, rising to $1.6 trillion by 2019,

College admissions in the United States

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In addition to cost factors, increasingly colleges are being compared on the basis of the average student debt of their graduates, and US News has developed rankings based on average student indebtedness.

College tuition in the United States

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A closely related issue is the increase in students borrowing to finance college education and the resulting in student loan debt.

Bernie Sanders

Bernard SandersSenator Bernie SandersSanders
In June 2019, U.S. Senator from Vermont Bernie Sanders, who is also seeking the 2020 Democratic nomination, offered a plan for the cancellation of all 1.6 trillion in outstanding student loan debt which would be paid for with a tax on Wall Street speculation.
Sanders focuses on economic issues such as income and wealth inequality, poverty, raising the minimum wage, universal healthcare, cancelling all student debt, making public colleges and universities tuition-free by taxing financial transactions, and expanding Social Security benefits by eliminating the cap on the payroll tax on all incomes above $250,000.

Debt

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Student debt is a form of debt that is owed by an attending, formerly withdrawn, or graduated student to a lending institution, or to a financial institution.

Student

studentscollege studentpupils
Student debt is a form of debt that is owed by an attending, formerly withdrawn, or graduated student to a lending institution, or to a financial institution.

Financial institution

financial institutionsbanking institutionfinance company
Student debt is a form of debt that is owed by an attending, formerly withdrawn, or graduated student to a lending institution, or to a financial institution.

Dropping out

dropped outdropoutdrop out
The lent amount, often referred to as a student loan or the debts may be owed to the school (or the bank) if the student has dropped classes and withdrawn from the school, or if the student has graduated but is underemployed.

Underemployment

underemployedunder-under-employment
The lent amount, often referred to as a student loan or the debts may be owed to the school (or the bank) if the student has dropped classes and withdrawn from the school, or if the student has graduated but is underemployed.

Income

incomesearningsearning power
Withdrawing from a school, especially if a low (or no-income student) has withdrawn with a failing grade, could deprive the student of the ability of further attendance by disqualifying the student of necessary financial aid.

Bankruptcy

bankruptbankruptcy protectionbankruptcies
Student loans also differ in many countries in the strict laws regulating renegotiating and bankruptcy.

Room and board

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Due payments may be a retroactive penalty for services rendered by the school to the individual, including room and board.

Default (finance)

defaultdefaulteddefaults
As with most other types of debt, student debt may be considered defaulted after a given period of non-response to requests by the school or the lender for information, payment or negotiation.

Loan guarantee

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At that point, the debt is turned over to a Student Loan Guarantor or a collection agency.

Debt collection

collection agencydebt collectorcollection agencies
At that point, the debt is turned over to a Student Loan Guarantor or a collection agency.

Credit card debt

Some blame the economy for the debt increases, but in the same 7-year period credit card debt and auto debt have decreased.

Navient Corporation

NavientNavient Corp.Navient Corp
US student loan servicers include Great Lakes Educational Loan Services, Navient, FedLoan Servicing (PHEAA), MOHELA, HESC/EdFinancial, CornerStone, Granite State - GSMR, OSLA Servicing, and Debt Management and Collections System.

Pennsylvania Higher Education Assistance Agency

American Education ServicesPHEAAAES
US student loan servicers include Great Lakes Educational Loan Services, Navient, FedLoan Servicing (PHEAA), MOHELA, HESC/EdFinancial, CornerStone, Granite State - GSMR, OSLA Servicing, and Debt Management and Collections System.