Student loans forcing some graduates into bankruptcy

ST. LOUIS, MO (KPLR) – Student loan debt now tops $1 trillion in the United States. Students and their parents are accumulating crushing amounts of debt from government loans to private loans. Students are now graduating in a market where wages remain stagnant. This makes it difficult to repay thousands of dollars in student debt.

Watch our Contact 2 story and meet a recent St. Louis graduate who accumulated more than $200,000 in student loan debt. He also has thousands of dollars in medical bills. It was all too much. He filed for bankruptcy. But, that will only get him a slight reprieve because student loan debt is not automatically discharged in bankruptcy.

Here are some useful links relating to student loans and financing college:

Finding Scholarships: StudentAid.ed.gov
Preparing for College: StudentAid.ed.gov
Consumer Reports Tips: ConsumerReports.org
Repayment Tips: ProjectonStudentDebt.org

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