US debt collectors cash in on $1 trillion in student loans

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Most US college students hope to land a good job with a high salary after graduation. But for some the reality is very different. Many find themselves faced with insurmountable debt -- and a loan industry that's happy to cash in on their misfortune. Despite the scary consequences, young adults across America have chosen to default on their loans. And that decision has resulted in a cat-and-mouse game with the government.

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