|Student loan debt is set to blow a hole in the housing market and U.S. economy in general, a Fed study says.|
- More than four out of five bankruptcy attorneys (81%) say that potential clients with student loan debt have increased "significantly" or "somewhat" in the past three to four years. Overall, about half (48%) of bankruptcy attorneys reported significant increases in such potential clients.
- Nearly two out of five of bankruptcy attorneys (39%) have seen potential student loan client cases jump 25% to 50% in the past three to four years. An additional quarter (23%) of bankruptcy attorneys have seen such cases jump by 50% to more than 100%.
- Most bankruptcy attorneys (95%) report that few student loan debtors are seen as having any chance of getting a discharge as a result of undue hardship.