7 Million Nth Americans Refuse To Pay Student Loans


LOS ANGELES, CA - SEPTEMBER 22: Students protest the rising costs of student loans for higher education on Hollywood Boulevard on September 22, 2012 in the Hollywood section of Los Angeles, California. Citing bank bailouts, the protesters called for student debt cancelations. (Photo by David McNew/Getty Images)

According to a new report by the Wall Street Journal, 7 million Americans are flat-out refusing to pay back their student loans because they feel scammed by their universities and government.

  see also   Why I Defaulted on My Student Loans

They feel like they were told to go to school and are now left with worthless degrees, no jobs, and no prospects for the future.

The government has tried many tactics to reach these defaulters, but their efforts have been fruitless for over a year.student-debt-image-2

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see also…More Than 40% of Student Borrowers Aren’t Making Payments

One thought on “7 Million Nth Americans Refuse To Pay Student Loans”

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