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What is the student loan default rate?

Tara Andrews

in Student Loans

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Carlton Burgess on June 17, 2018

The Department of Education has restructured the way in which it is reported in the student pays the loan, which the government said had reached the highest level in 14 years. Previously, the agency reported the price only for the first two years payments are required. The congress demanded a more comprehensive measure because of concern that colleges counsel students to defer payments to make default rates appear low.


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