The term “strategic default” was added to the financial glossaryduring the housing crisis of 2007-08.

It meant homeowners made deliberate decisions not to keep makingmortgage payments because they believed foreclosure wouldultimately cost less than continued ownership of underwaterhomes.

Now, the trend is gaining ground among recent college graduates withstudent loans--but it is impactingcertain types of students and schools far more than others.

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