September 28, 2012
Student Loan Default Rates Show Continued Borrower Distress
Income-Based Repayment Plan Could Help More Borrowers Avoid Default
New data released today by the U.S. Department of Education confirm that student loan default continues to plague far too many borrowers. However, the data paint an uneven picture behind the overall trend, with very different default rates for borrowers at different types of schools. These data underscore the need for more oversight and stronger standards where poor student outcomes are the norm, and for intensified efforts to help borrowers enroll in affordable repayment plans before they default.
TICAS Memo on CDR Manipulation (8/21/12)