globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / Monday, September 10, 2012 3:48 PM
Congratulations to the University of Phoenix, a private for-profit school, which has the dubious distinction of having 4,359 percent more student loan defaults than Columbus State, the top public school.
A student loan is considered in default when it is 360 days delinquent.
The above chart from the New York Times article Bad Student Debt Stubbornly High as Collection Efforts Surge.
There is now over $1 trillion in student debt and $76 billion of that is in default reports the NY Times in Debt Collectors Cashing In on Student Loans
Thanks to BrotherJohnF