A recent study by the Institute for Higher Education Policy (IHEP) has pointed to the increasingly permanent phenomenon of student loan delinquency and future prospects for students in debt.

Student loan debt in the US has ballooned over the past 20 years in correspondence with spiraling school costs and a worsening job market. The non-profit Student Loan Project reports that between 1994 and 2008, average debt levels for bachelor’s degree recipients doubled, to a staggering $23,200.

In the period since the onset of the economic crisis, states have gutted higher education funding, eliminating many education grant programs and triggering even higher tuitions at public universities. As a result, millions of students are forced to take on loans with usurious rates with virtually no consumer protections from lenders in the event they cannot make payments.

The IHEP report, released in March and entitled “Delinquency: The Untold Story of Student Loan Borrowing,” found that a huge percentage of those with student loans find themselves falling into delinquency or default within a few years of leaving school. The report begins by stating, “Despite periodic increases in grant funding, students and their families have increasingly relied on borrowing to cover more of the costs of higher education.”

And look at where it is reported!  http://www.socialequality.com/  It takes a Socialist to find our failures.  The Corporate media did not report on this.  "Who loves ya baby?"