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Student Loan Defaults Surge Nationwide | Durham News
Over 4.2 million borrowers nationwide are now in default on federal student loans, with nearly 300,000 in North Carolina alone drowning in $7.8 billion in debt—mostly from shuttered trade schools like cosmetology programs. As pandemic-era pauses ended, defaults surged, leaving students with crippling debt and no degree. Default brings wage garnishment, ruined credit, and crushing despair, especially for first-gen or low-income borrowers who often lack guidance navigating repayment. Meanwhile, the government is dismantling affordable repayment plans like SAVE and facing lawsuits over new…
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