6 sneaky ways students land in loan trouble
Student loans can spell major trouble
Even if you think you're doing everything right with your student loan, you can still wind up in fiscal hot water. A 2012 study by the Consumer Financial Protection Bureau shows that graduates who consider themselves responsible borrowers still land in student loan trouble when it comes to switching repayment plans, understanding the terms of loan default, correcting mistakes on their accounts, attacking issues with loan co-signers, and the list goes on. To help you navigate the Wild West of student loans, here are some unexpected ways even the savviest of borrowers get burned.