Tuesday, December 15, 2009

Student Loans Defaulted

New data from the Minnesota Department of Education says almost 29 per cent students who borrow loans to attend Rainy River Community College defaulted on their loans.

The school is listed as having the second-highest default rate in the state.

Overall, six percent of students in Minnesota who took out government education loans are in default, compared with the national average of 12 per cent.