The three-year default rate on college loans is more than 10 percent in New Jersey, according to the latest numbers from the U.S. Department of Education.
Nearly 1 million community college students across the country are getting shut out of federal student loans, simply because their schools choose not to offer them, according to a new report from The Institute for College Access & Success.
Christopher Eisgruber, President of Princeton University, claims that if you're in an overwhelming amount of debt due to student loans, it's your own fault.
The federal student loan giant, Sallie Mae, and the New Jersey Higher Education Student Assistance Authority were one and two in the state for the most number of complaints about student loans.
The government's consumer advocate says more than 33 million workers qualify to have their student loans forgiven because they work at schools and hospitals, in military and police uniforms. But the Consumer Financial Protection Bureau says the system is overly complicated and often confusing.