Texas residents have struggled with a serious, even deadly, flu season in 2017-2018. Sometimes, when an illness like the flu strikes unexpectedly, patients don't have the luxury of scheduling an appointment with their primary care provider. They need to be seen and treated at the nearest possible facility, perhaps even an emergency room.
Tyler residents who are worried about their health care expenses are not alone. Roughly three in four Americans have experienced an increase in the cost of health care in recent years, leading to concerning statistics about their ability to stay on top of medical costs.
We recently wrote about the concerning rates of student loan default in America today, and the important fact that bankruptcy cannot eliminate this kind of debt as it can others. Let's take a look at how this reality has played out for one Texas resident who filed for Chapter 7 bankruptcy, and the very narrow (virtually impossible) exceptions to the student loan rule which some are advocating to change.
$1.4 trillion: this is how much American graduates owe in student loan debt today. If that figure sounds alarming, there is more bad news in a recent Brookings Institution study of the latest data released by the U.S. Department of Education. The study sought to examine student debt over a longer term than the often-studied first few years after graduation. It found that, of borrowers who started college back in 2004, nearly two in five will likely default on their student loans within the next five years.
The last words you ever expected your doctor to say to you when you went in for your regular checkup were that you have cancer. A cancer diagnosis can come as a shock. It can be difficult to wrap your head around. In fighting your cancer, you may find it physically and emotionally challenging, and financially draining. Most cancer patients end up in serious debt.