Archive for October 29th, 2013

One In Ten Students Default On Loans In 2 Years

October 29th, 2013

Ed Money Watch  

Hidden amidst the shutdown furor was the annual release by the U.S. Department of Education of new student loan default rates. The data measure how many borrowers who entered repayment in a single year defaulted on their federal student loans within two or three years. This year, the data show that 10 percent of borrowers default within two years of entering repayment and 14.7 percent do so within three years. Full Article.