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01-23-2017, 12:35 PM #1
Troubling Student Loan Data
According to a Wall Street Journal report, the Department of Education had a coding error that has now been fixed. As part of this error, it is now revealed that only 46% of student loans are current. The rest are in some form of forbearance or default (including payment plan adjustment based in income).
This is a 20% drop from prior to this discovery.
And a troubling sign for our economy, since these debts cannot be discharged in bankruptcy.
Not great news to start they year.Current Fico Scores: 710 TU, 732 EQ
My Goal for 2016: 750+
01-23-2017, 04:31 PM #2
What was the old number they though my were current?
01-24-2017, 08:10 AM #3
Troubling, but not surprising. The tuition is too damn high.
01-24-2017, 01:01 PM #4
01-24-2017, 03:25 PM #5
so loans to regular college students perform as well as for-profit colleges at the end of the day?