Taegan Goddard's Coverage on Mounting Defaults
This subject, that of an increase in student loan defaults, has been covered for several years on AEM. So, this won't come as a surprise to most of my readers, but student loan defaults are worsening.
Over at Political Wire, Taegan Goddard provided a short brief about the increase in student loan defaults.
Here's a snippet:
Over at Political Wire, Taegan Goddard provided a short brief about the increase in student loan defaults.
Here's a snippet:
The Department’s Office of Inspector General… blames a system installed in 2011 by Xerox that is supposed to transfer defaulted loan accounts from servicing companies to private collection agencies… The Inspector General’s office says the collection problem led to a ‘material weakness’ in the department’s financial controls last fiscal year, according to CNBC.While this post paints a decent picture of the problem at the macro level, it does not offer insights into the