Default rates up again according to the Department of education.
One in ten borrowers across the country, 475,000 people, who entered repayment during the fiscal year ending in September 2011 had defaulted by the following September, the data showed. That’s up from 9.1 percent of a similar cohort of borrowers last year.
Even more borrowers are struggling in delinquency when the period of measurement is extended to three years. The percentage...
