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Spike in Defaults on Student Loans in NJ

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

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