College Loans? Clueless on Campus
Although very discouraging, I suppose it is not too surprising that many college students really do not understand the terms of their student loans.
In fact, a recent study drew some unsettling conclusions as to how little the students know what they have gotten themselves into.
For more, read my post on National Review’s education blog, Phi Beta Cons. You will also find the link to a Blomberg article describing the study, as well as a link to the study itself.