Student Debt News
News on Student Debt & Credit Issues

• Home
• About
• RSS

Helping Students

Spike in Defaults on Student Loans in NJ

December 15, 2009 | Category: Student Loans 

Defaults on federal student loans spike over the past year for those students who left school in 2007. In one year the default rate increased by 83%.

61,000 students started repaying federal loans in 2007 in New Jersey. By March 11.4% had defaulted. That’s up sharply from the 6.2% from previous year. Source of data is from U.S. Department of Education.

Via NJ.com – Spike in Defaults on Student Loans

comments

Share |

• Recently Written

  • Changes to Private Student Loans & Bankruptcy Law
  • Student Debt Increasing Record Rates Due to Recession
  • Diane Rehm Show NPR – Student Loan Overhaul 2010 Obama
  • Student Wins in Supreme Court Case over Loans
  • Connecticut might Forgive Student Debt for Green Jobs
  • Student Loan Industry Bailout – $112 Billion
  • Obama’s Student Loan Overhaul in Trouble
  • Denied Professional License due to Student Debt
  • Spike in Defaults on Student Loans in NJ
  • State Sued Over Student Loan Forgiveness by Dentist

• Categories

  • Credit
  • Credit Cards
  • Debt
  • Student Loans

• Archives

  • April 2010
  • March 2010
  • December 2009
  • November 2009
  • December 2007

• Resource Links

  • Basic Credit Information
  • FDIC on Credit
  • ProjectonStudentDebt.org
  • Student Loan Justice
Student Loan Consolidation Companies
Student Loan Consolidation Calculators
Student Debt Consolidation Loans