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$5 Billion In Private Student Debt May Be Forgiven Because Of Lost Paperwork

By Mustafa Gatollari

If there's one struggle that nearly every post-college grad can relate to, it's the seemingly insurmountable task of paying back your student loans. 

With loan officers just waiting for bright-eyed and bushy-tailed college hopefuls looking for a way to create a better life for themselves through education, only to slap them with variable interest rates with no promise of viable employment in the future, it's no wonder Americans are having difficulty paying off their debts.

Much like the housing crisis in the early 2000s, there's a bubble that's about to burst in education. Some private lenders are finding themselves unable to collect on the loans that they've given out, and it's all because of missing paperwork.