Student Loan Rate Detail
It's no secret that many borrowers are struggling to pay off their student loans. In the past, the Student Loan Ranger has discussed rising default rates.
The equally-telling deferment, forbearance, and delinquency rates also continue to rise, and reporting from the Chronicle of Higher Education suggests that even the new and sobering Department of Education three-year cohort default rates actually under-report the financial distress of borrowers.
First, some background on the three-year rates. Congress included a provision in the Higher Education Opportunity Act of 2008 mandating the move to a three-year rate to get a more accurate picture of how many borrowers ultimately default on their federal student loans.
Student Loan Rate
Student Loan Rate
Student Loan Rate
Student Loan Rate
Student Loan Rate
Student Loan Rate
Student Loan Rate
Student Loan Rate
Student Loan Rate
Student Loan Rate
Student Loan Rate
Student Loan Rate
Student Loan Rate
Student Loan Rate
Student Loan Rate
Student Loan Rate
Student Loan Rate
Student Loan Rate
Student Loan Rate
It's no secret that many borrowers are struggling to pay off their student loans. In the past, the Student Loan Ranger has discussed rising default rates.
The equally-telling deferment, forbearance, and delinquency rates also continue to rise, and reporting from the Chronicle of Higher Education suggests that even the new and sobering Department of Education three-year cohort default rates actually under-report the financial distress of borrowers.
First, some background on the three-year rates. Congress included a provision in the Higher Education Opportunity Act of 2008 mandating the move to a three-year rate to get a more accurate picture of how many borrowers ultimately default on their federal student loans.
Student Loan Rate
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