Rising college loan default rates

bluebayou
Sun, 26 Aug 2018 16:23:11 +0000

The author/article has an excellent graph showing how much debt is from the for profit schools relative to the others.

I’m not seeing that. What the author shows is % of default by loan type. What the author does not show is % of total or $ total by loan type. In fact, the author (purposely?) conflates the numbers:

Collectively, these borrowers owed over $23 billion, including more than $9 billion in default.

My point is that we need to parse that $9B (or $23b, or the 841k in default) before we have any idea on how to address the problem (or throw more money at it).