May 20, 2011
Default Rate on Federal Student Loans Jumps to 8.9%, a Nearly 2-Point Rise
By Goldie Blumenstyk
Washington
The rate at which students defaulted on their federal loans in the two-year period ending September 30, 2010, was 8.9 percent, an increase of nearly two percentage points over the two-year rate for the previous year, according to draft data released on Friday by the U.S. Department of Education.
More: http://chronicle.com/article/Default-Rate-on-Federal/127602/?sid=pm&utm_source=pm&utm_medium=en
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