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Florida's unpaid college loans nearly double U.S. average

Florida's unpaid college loans nearly double U.S. average

Florida has almost double the national rate of student loans that are delinquent or in default, according to a new study. More than a fifth of Florida's students loans — 21.5 percent — are delinquent or in default, according to WalletHub.com, a personal finance website. Nationwide, 11.1 percent of student loans are late or unpaid. One reason may be Florida's high unemployment rate among people ages 25 to 34 — 6.8 percent in June compared with 5.5 overall, the study found. The rate also is sharply higher than the 3 percent to 5 percent for those ages in other states, said WalletHub spokeswoman Jill Gonzalez. In Florida, "borrowers just don't have...

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