Number of College Grads Who End Up Filing For Bankruptcy Jumps 20% Over Past Five Years

The number of bankruptcy filers who have college degrees has swelled more than 20% over the past five years as the impact of the economic downturn broadens, a new study showed.Those with just a high school diploma still account for the biggest proportion of bankruptcy filers, making up more than a third of them, according to a report by the Institute for Financial Literacy.But bankruptcy filers with college diplomas climbed to 13.6% in 2010 from 11.2% in 2006. Those with an associate’s or graduate degree also climbed, while those with just a high school diploma slipped.

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