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Students' default on repaying loans is not defaulting; college grads finding jobs, being more responsible about their debts.

Publication: San Diego Business Journal
Publication Date: 26-JUN-06
Format: Online
Delivery: Immediate Online Access
Full Article Title: Students' default on repaying loans is not defaulting; college grads finding jobs, being more responsible about their debts.(Finance)

Article Excerpt
Thanks to a generally improved economy in the past decade, the number of student loan borrowers who default on repayment has been dropping, and for the most recent reported fiscal year, 2003, hit a record low of 4.5 percent.

According to data provided by the U.S. Department of Education, 115,568 loans entered into default that year. That was down from 125,696 in the prior fiscal year, or 5.2 percent of...

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