Default Statistics 2009

Dec
20

Earlier this week, the Department of Education made public the rates at which students are defaulting on their loans three years after graduation, reporting that students at the larger for-profits were defaulting at a rate of around 20 percent. Those are similar to levels, last seen during the early 1990’s, that prompted the last major changes in how government regulates the industry.

http://www.propublica.org/special/chart-default-rates-on-loans-for-students-graduated-three-years-ago-1216

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