September 22, 2006
Loan-Default Rate Creeps Up
The rate at which borrowers default on their federal student loans has increased slightly, to 5.1 percent, U.S. Department of Education officials announced last week.
The most recent figure, for borrowers who left college during the 2004 fiscal year, continues a trend in which default rates have remained below 6 percent since 1999.
The rate for 2004 measures the percentage of borrowers who began repaying their loans between October 1, 2003, and September 30, 2004, and who
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