Student Loans - A Trillion Dollar Embarrassment

Every 28 seconds, a student defaults on a loan. There is over $1.8 trillion in outstanding student loans in the US today. Over 11% of them are more than 90 days delinquent. A major problem stems from predatory lending services and companies that function in a biased, secretive, and largely unregulated system. It is imperative that both parents and students become educated about their options, so they are not taken advantage of by getting trapped into high interest, multi-decade payments with no way out. This issue is causing millennials to postpone life decisions like buying a home or getting married. Beware and be careful.