1 out of 6 bankruptcies involves student debt
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1 out of 6 bankruptcies involves student debt

Bankruptcies involves student debt  – Student debt contributes to 1 in 6 (17.6%) insolvencies, a record rate according to a study conducted by Licensed Insolvency Trustees Hoyes, Michalos & Associates Inc. “Nine years ago, student debt insolvencies were just under 13% of all insolvencies we filed,” says Ted Michalos. “Today, 18% of the clients we…