Student loan defaults

If you have a student loan, you need to take notice of this alarming trend.  Some student loan borrowers are finding that their accounts are being placed in default status when the co-borrower dies or files for bankruptcy – – even when the accounts are current.  By placing the loans in default, the companies are demanding payment in full.  This is placing some student loan borrowers in a financial crisis as they try to deal with large student loan balances.

For more read, “Grads hit with defaults when co-signers die, go bankrupt.”

Image credit: DonkeyHotey