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Analysis, Economy, Education, Latest Trend

Default rates jump sharply on student loans

September 13, 2011

student-loan-repayment-getting-tougher

The national two-year default rate rose to 8.8 percent last year.

The number of borrowers defaulting on federal student loans has risen sharply.  That number is an indication that rising college tuition costs, low graduation rates and poor job prospects are getting more and more students over their heads in debt.

 

Continue reading… “Default rates jump sharply on student loans”

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