Posts Tagged ‘College Loan’
June 11th, 2011 | 
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Updated statistics released by the U.S. Department of Education show that student loan defaults are rising.
According to the latest figures, the default rate for federal student loans that entered repayment in 2008 is 13.8 percent, up 2 percent from the default rate for federal student loans that entered repayment in 2007.
The current official national student loan default rate, which stands at 7.0 percent, measures the percentage of borrowers who default on their federal education loans within the first two years of repayment. But when the calculation is expanded to take into account defaults within the first three years of repayment, the national student loan default rate jumps to 13.8 percent.
Posted in Loans | 
Tags: College Loan, Colleges And Universities, Debt Load, Default, Default Rate, Education Department Officials, Education Show, Federal Education Loans, Federal Financial Aid, Federal Student Aid, Federal Student Loans, Higher Education Opportunity, Loan, Loan Default Rates, Loan Defaults, National Student Loan, Opportunity Act, Rates, Recent Graduates, Rise, School Loans, Student, Student Loan Debt, Student Loan Default, U S Department Of Education | 
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