Monday, April 2, 2012

Student Loan Default--A Question of Character

A few weeks ago I clipped a small article from Barron's which revealed some statistics on outstanding student loans. The numbers shake out like this: During the third quarter of 2011, a startling $85 billion of student debt was delinquent. There are 37 million borrowers with loan balances.

Last week I attended a presentation by Hillsdale College. They cited the student loan default rate at 28%. The percentage of Hillsdale students who defaulted? Less than .5%. And, sadly, both of those students died.

If you haven't acquainted yourself with Hillsdale. You should.

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