Student Loan Default: It's a Lot Worse Than We Thought

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Student Loan Default: It's a Lot Worse Than We Thought

Jan, 31st 2017

When The Wall Street Journal analyzed the new numbers, the data revealed that the Department previously had inflated the repayment rates for 99.8% of all colleges and trade schools in the country. The new analysis shows that at more than 1,000 colleges and trade schools, or about a quarter of the total, at least half the students had defaulted or failed to pay down at least $1 on their...

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