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  1. #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+

  2. Troubling Student Loan Data
  3. #2
    Registered User New Member
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    10
    What was the old number they though my were current?

  4. #3
    Registered User Junior Member
    Posts
    28
    Troubling, but not surprising. The tuition is too damn high.

  5. #4
    Quote Originally Posted by Big-D View Post
    What was the old number they though my were current?
    Sorry if that was to clear. The numbers dropped from 66% of federally insured student loans being current down to 46% (a drop of 20%).
    Current Fico Scores: 710 TU, 732 EQ
    My Goal for 2016: 750+

  6. #5
    Registered User New Member
    Posts
    14
    so loans to regular college students perform as well as for-profit colleges at the end of the day?

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