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It’s a sign of the times. Foreclosures are up, bankruptcies are up. Unemployment is up. Incomes are down. It’s only natural that the rate of default on student loans is on the rise as well. For example, this story from the StatesMan shows that the data for the last 3 years show more defaults [...] Private Student Loans were big business, until 2007-2008. The number of private loans has grown more than 3 times in the past decade, going from 7% of all loans in 1998 to 23% in 2008. Then the credit crunch hit, and private loans market dried up for a while. Now, private loans are making [...] |
 
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