Uptick in Student Loan Defaults

May 4th, 2011 - By TheEditor

(Gannett News Service) — The number of people who aren’t paying back their student loans is on the rise, and the government is increasingly threatening to sue them for the money.  The amount of loan defaults that the Education Department has referred to Justice Department lawyers for possible legal action nearly doubled from 2009 to last year: There were 2,596 in 2009, and then 5,393 last year, Education Department figures show.

Read More…

 

More from StyleBlazer
More from MommyNoire

Comment Disclaimer

Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN