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Billions of dollars in student loans may be wiped out for tens of thousands of borrowers in the US because a lender didn’t keep track of the paperwork verifying ownership of the loans, according to The New York Times. The National.

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NEW YORK (CNNMoney) — Student loans have more than tripled over the past decade, according to new data from the Federal Reserve. Student loan debt hit $904 billion in the first quarter of 2012, up from $241 billion a decade ago,

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MUMBAI: State Bank of India’s (SBI) education loan defaulters may soon get calls from recovery agents. The country’s bank has put Rs 380 crore worth of loans in default on the block. These loans will be sold at a discount to the highest.

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