There may be an extra incentive to stay current on your student loans. According to a recent article by USA Today, collection fees may be climbing higher.
“College grads and others who are unable to make payments on certain student loans could find it even tougher to dig out of debt now that it’s possible to be hit with double-digit collection fees.”
Not all types of student loans will be affected. Follow the link here to read the full article, and see which loans will see the change.
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