College student loan default rates have been going up as the economy has continued to sag/ But the state’s top higher education official expects better times are coming. Missouri student loan default rates have gone up two percentage points in the last couple of years. The escalation started to trend up in 2006 after fifteen years of steady declines. State Higher Education Commissioner Robert Stein calls the current climate “extremely challenging” and says it can leave students in difficult situations, depending on how much they borrowed. [click to continue…]
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