Many More Students Are Defaulting Than Official Tallies Show – Government – The Chronicle of Higher Education

Students struggling in hard times, even with federal aid

The share of borrowers who default on their student loans is bigger than the federal government’s short-term data suggest, with thousands more facing damaged credit histories and millions more tax dollars being lost in the long run.

According to unpublished data obtained by The Chronicle, one in every five government loans that entered repayment in 1995 has gone into default. The default rate is higher for loans made to students from two-year colleges, and higher still, reaching 40 percent, for those who attended for-profit institutions.

Many More Students Are Defaulting Than Official Tallies Show – Government – The Chronicle of Higher Education.

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