Student Loan Debt Leads to Confusion, Protests -- and Many Defaults
This article is for subscribers only.
(Corrects Bureau name in sixth paragraph.)
William Prince, of Rosenberg, Texas, knows just how inescapable student loans can be. The 52-year-old father of two started paying off $51,000 in college debt 15 years ago and now owes $57,000. "I don't expect to pay these loans off in my lifetime," he says. Prince, a criminal justice major who works in private security, had to defer payments during three bouts of unemployment, and the accumulated interest left him deeper in debt.