Defaulters on student loans face credit problems - 21 News Now, More Local News for Youngstown, Ohio -

Defaulters on student loans face credit problems

Updated:

COLUMBUS, Ohio (AP) - Many of those contributing to the growing default rate for federal student loans include people who want to pay but can?t and who end up facing a lifetime of credit problems.

The Columbus Dispatch reports that millions defaulting on their loans have chosen to ignore them, costing taxpayers millions of dollars. But the newspaper says some can?t pay because of financial trouble due to illness or other problems beyond their control.

Low credit scores for those who don?t pay prevent them from buying cars, renting apartments and even getting jobs.

More than 37 million borrowers owe more than $1 trillion in student loans and the majority of those were government loans.

The newspaper reports that more than 5 million people are in default.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed

  • More From wfmj.comMore>>

  • Ohio State marching band director fired

    Ohio State marching band director fired

    Thursday, July 24 2014 4:12 PM EDT2014-07-24 20:12:28 GMT
    Ohio State University has fired the director of its celebrated marching band amid allegations he knew about and ignored "serious cultural issues" including sexual harassment.More >>
    Ohio State University has fired the director of its celebrated marching band amid allegations he knew about and ignored "serious cultural issues" including sexual harassment.
    More >>
  • Judge argues for return of firing squad executions

    Judge argues for return of firing squad executions

    Thursday, July 24 2014 4:05 PM EDT2014-07-24 20:05:46 GMT
    An influential federal appeals court judge says the nation's third lethal injection execution in six months to go awry underscores his call to bring back firing squads.More >>
    An influential federal appeals court judge says the nation's third lethal injection execution in six months to go awry underscores his call to bring back firing squads.
    More >>
  • Dad charged after fallen dresser kills 2 toddlers

    Dad charged after fallen dresser kills 2 toddlers

    Thursday, July 24 2014 4:01 PM EDT2014-07-24 20:01:19 GMT
    ALIQUIPPA, Pa. (AP) - The attorney for a Pennsylvania man charged with involuntary manslaughter after a dresser fell on his two toddler daughters says their deaths were a "tragic accident," not a crime. Attorney Dale Fouse represents 28-year-old David Beatty, of Aliquippa, who is charged in the deaths of 2-year-old Brooklyn and 3-year-old Ryeley. Beaver County District Attorney Anthony Berosh says the girls would have lived if Beatty had checked on the girls when he heard the dresser fall on...More >>
    ALIQUIPPA, Pa. (AP) - The attorney for a Pennsylvania man charged with involuntary manslaughter after a dresser fell on his two toddler daughters says their deaths were a "tragic accident," not a crime. Attorney Dale Fouse represents 28-year-old David Beatty, of Aliquippa, who is charged in the deaths of 2-year-old Brooklyn and 3-year-old Ryeley. Beaver County District Attorney Anthony Berosh says the girls would have lived if Beatty had checked on the girls when he heard the dresser fall on...More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 Worldnow and WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms