Defense News

Wednesday, February 13, 2008

Debt can saddle students for many years

...Alan Collinge, founder of a Web site called, a grassroots organization, has heard from about 3,000 people struggling with student loan debt. "These folks are trapped in debt that typically has exploded far and away above anything they originally borrowed."

Mr. Collinge, an engineering grad from the University of Southern California and a resident of University Place, Wash., figures his student loans have ballooned above $100,000, ruined his credit ratings and prevented him from getting a security clearance needed for a job.

"I literally live in an RV on the wrong side of the tracks, on the bad side of town. I'm one step away from being completely off the grid." more.

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