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Degreeless in Debt: What Happens to Borrowers Who Drop Out

The stories of college graduates burdened with mountains of debt and poor job prospects have been well documented in this recession year. But while these students do face real problems in today’s tough economy, their degree will still likely prove to be a wise investment even as the recession draws to a close.

This isn’t the case for another group of borrowers who may have bigger financial problems, even if the economy rebounds. What is happening to borrowers who did not graduate, but still have loans to repay?

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