PBS Special Looks Into the Student Loan Debt Problem

Clearly, this debt program is a racket. This special report delves into how lenders, such as Sallie Mae, have incentive to encourage deferments and forbearance, because the loan then begins accruing interest on, not only the principle, but also the interest itself. Once a person gets to certain point of debt it begins to be almost impossible to pay back with the wages they are earning.

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