Another Fine Mess! At Least Half of Students Defaulted or Failed to Pay Down Debt Within 7 Years

Another fine mess … when the Federal government takes over the student loan market which is now over $1 trillion.
But at least the YoY growth is slowing down
‘Many more students have defaulted on or failed to pay back their college loans than the U. S. government previously believed. Last Friday, the Education Department released a memo saying that it had overstated student loan repayment rates at most colleges and trade schools and provided updated numbers.’

This post was published at Wall Street Examiner on January 19, 2017.