Moody’s downgrades student loans

Predicting more defaults, Moody’s has downgraded student loan portfolios.

“Unless students limit their debt burdens, choose fields of study that are in demand, and successfully complete their degrees on time, they will find themselves in worse financial positions and unable to earn the projected income that justified taking out their loans in the first place.”

Tuition will continue to outpace inflation for the next 10 years, the ratings agency predicts.

 

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