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9/11/2007
A September 11, 2007 article from Inside Higher Ed reports that, according to information from the U.S. Department of Education (ED), the latest data shows a decrease in student loan default rates. As of September 2006, the student loan default rate was 4.6%, which is less than the 5.1% rate reported in the previous year. Possible reasons for the lower default rate include high loan consolidation volume, and repayment relief that was extended to students whose families were affected by Hurricanes Katrina and Rita in 2005.
The article is available at the Inside Higher Ed Web site.
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