Why Those Student Loans Aren't Getting Paid Off
![Why Those Student Loans Aren't Getting Paid Off Why Those Student Loans Aren't Getting Paid Off](https://5ux.com/sites/5ux.com/files/styles/medium_250/public/resize/remote/7bc29a5456c357a1e799357fcf05d022-605x405.jpg?itok=LNt04jON)
Submitted by Ryan McMaken via The Mises Institute,
Last month, the US Department of Education admitted that a much larger number of students are defaulting on student loans than previously reported. According to the Wall Street Journal:
[T]the Education Department released a memo saying that it had overstated student loan repayment rates at most colleges and trade schools and provided updated numbers.