September 20, 2002

Default Rate on Student Loans Increases for First Time Since 1990

By RICHARD MORGAN

For the first time in a decade, the rate at which borrowers defaulted on student

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Default Rates on Student Loans

loans rose slightly in the 2000 fiscal year, to 5.9 percent from 5.6 percent the year before, the U.S. Education Department announced last week.

Despite the increase, the default rate is still

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