U.S. Errors Slightly Inflated Reported Student Loan Default Rates

April 22, 2011

The U.S. Education Department said on Tuesday that the draft student loan default rates it published in February contained incorrect data that inflated the rates. The department said it had incorrectly included some defaulted loans that should not have been counted, and that without those loans the three-year cohort rates for all sectors would have been lower.

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