Holding transcripts hostage

Colleges' withholding of transcripts of graduates who've fallen behind on loan payments makes it even less likely that the student can get a job and resume loan payments.

Students traditionally have a soft spot for their alma maters. But as growing numbers of students run up debt in the high five and even six figures to pay for college, that may change. Especially when they discover their old school is actively blocking them from getting a job or going on to a higher degree.

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