Federal Student Loan Default Rate Rises to 10%

Sep 30, 2013 | Article, Research & Advocacy

Of the 4.7 million federal student loan borrowers from nearly 6,000 postsecondary institutions who entered repayment between in FY 2011, more than 475,000 defaulted on their loans by October 2012. This rate, known as the two-year default rate, now averages 10%. Sadly,...