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Arne Duncan
Federal student loan defaults on decline, Education Department says
Federal student loan defaults on decline, Education Department says

The percentage of students who are defaulting on federal loans has declined to some of the lowest levels in recent years, according to findings released Wednesday by the U.S. Education Department. Students who began repaying loans in 2011 are defaulting at a rate of 13.7%, compared with 14.7% for those who began repayments in 2010. The drop spanned all sectors of education – from public to private institutions – even as about 650,000 more students began repaying loans in 2011 compared with 2010. Federal education officials in recent years have created initiatives to help borrowers manage their debt, programs they credit with helping to lower default rates. Among those...

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