National student loan default rates climb; regional rates lower than average
FARGO – Nationally, the number of students defaulting on government education loans is up for the sixth consecutive year.
The national student loan default rate climbed to 10 percent for students who began paying back their federal student loans in fiscal year 2011 – up from 9.1 percent in 2010, according to data released by the Department of Education this week.
Loan default rates are lower than average for graduates of schools in Minnesota and North Dakota.
Are you a newspaper subscriber but you don't have a Digital Access account yet? https://secure.forumcomm.com/?publisher_ID=40&event=subscriber/lookup.
You will need your subscription account number and phone number. Not sure if you have an account? Email us at email@example.com and we can help you.