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National Briefing | Education: Student Loan Default Rate Rises

Source: The New York Times

Washington : DC : USA | 2 months ago

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Student loan defaults edged up to 6.7 percent last year, from 5.2 percent the previous fiscal year. According to the Department of Education , 225,300 borrowers of the 3.3 million borrowers whose first loan repayments came due between Oct. 1, 2006, and Sept. 30, 2007, defaulted before Sept. 30, 2008....

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News Stories

House nears OK on dramatic expansion of college student aid

News Source: Kansas City Star | 2 months ago

He called the measure "the largest investment in higher education since the GI Bill" first passed in 1944 to help World War II veterans.
House Education and Labor Committee Chairman George Miller, D-Calif., vowed that the legislation would help...
Student loan default rate rises

News Source: Kansas City Star | 2 months ago

Default rates among people who recently began paying off student loans jumped to 6.7 percent last year, the highest since 1998, the Department of Education reported today. The current default rate reflects the early effects of the recession, and...
National Briefing | Education: Student Loan Default Rate Rises

News Source: The New York Times | 2 months ago

Student loan defaults edged up to 6.7 percent last year, from 5.2 percent the previous fiscal year. According to the Department of Education , 225,300 borrowers of the 3.3 million borrowers whose first loan repayments came due between Oct. 1, 2006,...