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Posts Tagged ‘default’

25% student loan borrowers 90 days behind, 13.7% in default

Posted by William Byrnes on September 25, 2014

International Financial Law Prof Blog.

Still, the government’s default measure vastly underestimates the problem. The government considers people in default if they have made no payments in 360 days. A broader measure by Federal_Reserve_Governors_sealthe New York Federal Reserve—which accounts for all Americans with student loans—shows that roughly one in four borrowers are at least 90 days behind on a payment.

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