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Monthly Archives: October 2012
Giving Financially Distressed Borrowers a Chance (Part 2)
We wrote a few weeks ago about the September 8 New York Times article, “Debt Collectors Cashing in on Student Loans.“ The article explains how student loan servicers and collectors lack incentives to prevent student loan defaults. Among other reasons, … Continue reading
So Much for Open Debate: Chronicle of Higher Education Student Loan Default Rate Event Is Bought and Paid For by Industry
The Department of Education released new student loan default rate information in September and it’s not pretty! The overall two year cohort default rate increased to 9.1% (FY 2012 data). This official two year rate requires the Department to track … Continue reading
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