Tue, 18th November, 2008 - Posted by - (24) Comment

“60 percent of 2007 college graduates had student debt, each taking on an average of $22,700 in loans.” —College Board Report
“Default rates in 2006, jumped to 5.2 percent from 4.6 percent in 2005″ — U.S. Department of Education.
“A new report by the U.S. Department of Education’s own National Center for Education Statistics reveals that student loan defaults are a far larger problem for some groups—particularly students of color and those who leave college with a lot of debt.” — EducationSector