Settling student loan debt isn't as easy as a hospital bill or car loan payment that has gone to collections. Nationwide, many graduates are learning that their student loan debts are hard to shake.
Part of the reason, according to Reuters, is that settling student loans may only be possible when students offer large lump-sum payments, averaging "between 30 percent and 80 percent" of the entire loan amount. With the average student loan debt at $27,000, that means debtors need to shell out thousands of dollars in order to avoid collections.
What else can struggling grads do to settle their loan debts?