Growing Number Of College Graduates Filing For Bankruptcy

college students filing for bankruptcy
college students filing for bankruptcy

A growing number of college graduates are filing for bankruptcy, suggesting that an advanced education is no longer the hedge it once used to be in preventing personal financial turmoil, a new report finds.

The percentage of college graduates filing for personal bankruptcy rose 20 percent during the last five years, according the 2010 Annual Consumer Bankruptcy Demographics Report, published by the Institute for Financial Literacy.