OT: Student loan default rate in USA higher than reported.

[richardhutnik]

ramses01 said:

numonex said:

More people should consider doing a trade instead of taking out a huge personal loan from a loan shark for a second rate college diploma. $40,000 college personal loan can easily spiral out to $100,000 due to high interest rates. 

you do realize that student loan rates are usually some of the lowest rates out there right?

And unlike other loans, you can't get out of them EVER.  You will have wages garnished, even if you go into default.