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Soaring education loan financial obligation poses risk to nation’s future growth that is economic

Soaring education loan financial obligation poses risk to nation’s future growth that is economic

Jorge Villalba had been a construction worker once the housing industry started slowing in 2005, so that the Glendale resident changed jobs and chose to spend money on their future when you go to university.

Thus far, the investment hasn’t paid.

Villalba, 34, owes $158,000 in figuratively speaking for their four-year degree in multimedia, 3-D animation and graphics design at ITT Technical Institute. He is not earning enough to carry on with with all the re re payments, therefore the quantity keeps increasing with interest.

He figured he’d get a fantastic job and spend down the loans.