- A new Brookings Institution report projects substantially worst student loan defaults than previous estimates.
- The report predicts as much as 40% of students could be in default by 2030.
- There are $1.4 trillion in US student loans outstanding, making it the second biggest source of household debt after housing.
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America’s student debt crisis 'is worse than we thought'
BI PRIME: A new Brookings Institution report projects substantially worst student loan defaults than previous estimates.
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