For Rong, avoiding default on his $400,000 student loans may involve some clever thinking once he graduates

For Rong, avoiding default on his $400,000 student loans may involve some clever thinking once he graduates

My personal view is that the increasing reliance on student loans for financing college education is going to be a drag on consumption for some time

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Rong says he’s entertained the idea of joining the military, or moving to a state with no income tax, like Texas, so he can pay off his debts more quickly.Continue reading