... the government is giving incentives to get more people interested in higher education. They are disbursing federal grants/loans, giving educational tax credits such as the American Opportunity Credit and The Lifetime Learning Credit, and tax deductions for those who pay on their student loans. Due to these incentives enrollment rates have increased dramatically in previous years. In the most recent national ... that were taken out borrowers have 270-330 days to pay, before a loan goes into default. A common misconception of defaulting on a student loan is that it only damages the borrow...

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