From The Consumerist
''For the first time, the Dept. of Education has provided stats
for people three years into their student loan repayments, and the
numbers don’t paint a pretty picture. The percentage of college students
defaulting on their loans is on the rise, with 9.1% of recent students
defaulting within two years of their first payment coming due, and a
whopping 13.5% defaulting within three years. And at controversial
for-profit colleges, that number is alarmingly higher.''
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