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Calling student-loan debt "the next debt bomb for the U.S. economy" (as a bankruptcy attorneys group did earlier this month) may be a stretch, but debt loads can indeed be large—and vary tremendously from school to school,
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Currently people struggling with federal student loan payments can either make a tough to afford payment for nine months to get their loan out of default and their defaulted status will be removed from their credit. $159 per month.
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Improved scores could make it easier for millions of Americans with past credit blemishes to get loans or to get them at lower rates. "I think what people should be looking at is the overall picture. Regardless of your scores, are you.