Relevant:
2012-06-18 — mybudget360.com
As hundreds of thousands of recent graduates enter the workforce the ticking timebomb of student debt goes off. Many will have six months before their loan bills start coming due. The higher education bubble continues to rage producing outrageous stories of student debt collectors going after parents of deceased kids so they can get their student debt back. Many times, like the opaque mortgage backed securities, trying to figure out who holds the paper is somewhat hard to track. You even have stories of older Americans being victims of the recession going back to school and then having their Social Security payments reduced to pay for student loans
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