Equifax reports 36% increase in student loan charge-offs

03/25/2013 | Atlanta Journal-Constitution, The

Student loan charge-offs rose more than 36% in the first two months of the year compared with the same period last year, Equifax reports. Student loan balances rose more than 14% in the same time frame. "Continued weakness in labor markets is limiting work options once people graduate or quit their programs, leading to a steady rise in delinquencies and loan write-offs," said Equifax chief economist Amy Crews Cutts.

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Atlanta Journal-Constitution, The

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