Default Rates for Student Loans Continue Steady Climb

“Student-loan default rates continue to rise, according to data released by the Education Department today. The data, which reflect the percentage of borrowers who entered repayment in the 2008 fiscal year and defaulted within the next two years, show that the default rate climbed to 7.2%, from 6.7% …” (more)

[Kelly Field, Chronicle of Higher Education, 3 May]

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