For the first time in half a decade, the rate of education loan defaults among recent college students has risen, highlighting the struggle many recent graduates face when it comes to paying their educational debts. [More]
student loan defaults
Student Loan Defaults Increase For First Time In Five Years; 8.5M Borrowers Now In Default
By 9.28.17
More Than 1.1M Federal Student Loan Borrowers Entered Default Last Year
By 3.15.17 — Updated: 5.10.17
With the cost of college tuition continuing to increase, it likely comes as no surprise that more borrowers are finding themselves in default. In 2016 alone, 1.1 million borrowers entered default for their federal student loans. [More]
New York Consumer Agency Opens Investigation Into Four For-Profit Colleges
By 4.3.15
Student dropouts, loans default rates and recruiting tactics have been the cornerstone of many federal and state investigations into for-profit colleges. It appears to be much of the same for four such schools facing probes by the New York City Department of Consumer Affairs. [More]
