5.6 percent of Nebraskans defaulted on their federal student loans in 2009, The U.S. Department of Education said. It was the most recent year for that numbers is available. It still is an increase from3.9 percent in 2007 and 5 percent in 2008 though well below the national rate of 8.8 percent. In 2009, Iowa’s [...]
American society promoted a college education as the guaranteed means to gainful employment. It is doesn’t value as the necessary prerequisite to gaining knowledge or becoming a responsible citizen. The value of a college education is dropping many that certain graduates who are dissatisfied that their diplomas do not yield the job placements. It made [...]
The rising number of college loan default should spell trouble for federal efforts to make college more affordable. The nation’s student loan programs could be at serious risk if these trends continue unchecked. According to the latest government figure from 2008 to 2009, the overall student loan default rate jumped 27 percent. It is increasing [...]
