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student loan debt
(Tim Schreier)

Almost $1 Billion In Defaulted Perkins Loans Prompting Schools To Sue Former Students

By Mary Beth Quirk February 8, 2013

In yet another sign that student loan debt in the U.S. is in a bad way— you know, beyond the fact that we as a nation owe about $900 billion in outstanding debt — low-income students who received Perkins loans to get through college are defaulting at such a rate that their former colleges and universities are suing them to recoup the money. [More]

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