13.4% college-loan default rate raises new worries on debt load
Posted: September 29, 2012 at 5:46 a.m.
A student at Saint Anselm College in Manchester, N.H., attends a jobs fair at the school in April. As new graduates encounter difficulty in landing a steady job, defaults on student loans are on the rise.
More than one in 10 borrowers defaulted on their federal student loans, intensifying concern about a generation hobbled by $1 trillion in debt and the role of colleges in jacking up costs.
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Front Section, Pages 1 on 09/29/2012
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