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Number Of Loans In Default Declines
New York Times: For the first time in years, defaults on federal student loan have declined, but they remain far above prerecession levels, the Department of Education reported on Wednesday.
The report looked at students who were supposed to begin repaying their federal loans in the 2010-11 fiscal year, and found that by last Oct. 1 — at most, three years later — 13.7 percent had defaulted. That was down from 14.7 percent the year before, but higher than the 13.4 percent figure two years before.
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