Ivy League Schools Suing Students Over Loans

Yale, Penn among those seeing rise in defaults

By John Johnson,  Newser Staff

Posted Feb 7, 2013 6:08 PM CST

(Newser) – Another sign that the student debt problem is off the rails: Borrowers defaulted on nearly $1 billion in federal loans designated for low-income students in 2011, a jump of 20% from five years earlier, reports Bloomberg. Because these particular loans, called Perkins loans, are administered...   Read full story »

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