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A New Look at Who Defaults

A New Look at Who Defaults
August 2, 2012

A new survey by the National Consumer Law Center seeks to focus on the characteristics of students who default on their loans. Among the findings:

  • 80 percent are unemployed.
  • 85 percent receive public assistance.
  • Nearly 65 percent attended one or more for­-profit institutions.
  • Only 47 percent completed their education.

 

 

 

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