Because he missed so many payments, his balance now stands at ,000 and counting.
“I could have been more responsible and paid more quickly,” he admitted, “but sometimes things come up.” The most recent report from the U. Department of Education found that more than 320,000 borrowers had defaulted on their student loans as of September 2010.
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When he graduated in 2008, Bueschel had a degree in English and ,000 in student loan debt.
He has a job designing online advertising, but most of his money goes to living expenses.