The new low-income big borrower of student loans

"It’s a staggering number: $1.5 trillion in student debt. The majority of the nearly 45 million Americans that owe it are paying it back. But more than 10 percent of new borrowers regularly default as they leave school. These are the people who are unable to pay it back and are ruining their credit. Often they dropped out of school before finishing their degrees and can’t get a good job"