Students Must Demonstrate 'Undue Hardship' To Have Their Loans Forgiven — And It Could Be Causing A Bubble
By - Neil H. Hutchens and Richard Fossey, The Conversation - BusinessInsider.com
Outstanding student loan debt in the United States reached a record US$1.35 trillion in March, up six percent from a year earlier.
About 10 million people who borrowed from the government's main student loan program - 43 percent - are currently behind or no longer making payments, with more than a third of them in default. Some students are especially at risk, such as those who attended for-profit institutions.
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