Last month, the US Department of Education admitted that a much larger number of students are defaulting on student loans than previously reported. According to the Wall Street Journal: [T]he Education Department released a memo saying that it had overstated student loan repayment rates at most colleges and trade schools and provided updated numbers. When The Wall Street Journal analyzed the new numbers, the data revealed that the Department previously had inflated the repayment rates for 99.8% of all colleges and trade schools in the country. The new analysis shows that at more than 1,000 colleges and trade schools, or … Continue reading Why Those Student Loans Aren’t Getting Paid Off