The Lingering Effects of Sandy
Alejandra Lalama, 25-year-old college graduate, has paid over $30,000 in student loan payments since 2008, but the student debt she owes has only gone down a few thousand dollars to $66,000. Like so many other student loan borrowers, she is caught in a debt trap between capitalized interest and interest on the principal balance. In addition to these problems, Hurricane Sandy stormed through her home town in New Jersey and destroyed her car. To get a leg up out of...
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