January 16, 2004
Default Rates on Student Loans Fall, but Figures Are Deceptive, Report Says
The rate at which borrowers default on student loans has dropped to new lows in 9 of the past 10 years. That trend has led many government officials and college leaders to conclude that the rampant default problems on student loans in the late 1980s have been largely eradicated.
But a new report from the U.S. Education Department's investigative branch raises questions about that assumption.
The report, released last month by the department's Office of the Inspector General,
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