Maine college graduates struggle to pay down school debt as state battles with lenders

A new [MECEP] poll shows that student loan debt and predatory practices by some lenders that make paying loans back increasingly expensive prevents a majority of borrowers in the state from buying a home, a car or paying for necessities, and has spurred as many as one in four to move out of state for better-paying jobs.

Female borrowers, those who attended a for-profit college and borrowers in Androscoggin, Franklin and Oxford counties are more likely to have issues because of high student loan debt, nearly $6 billion in the state. Issues include affording necessities, attending doctor appointments and picking up prescriptions.

Click here to read the full story, published December 3, 2018, in MaineBiz.