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Nearly 10,000 Minn. students behind on loans

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Nearly 10,000 Minn. students behind on loans
Brainerd MN 506 James St. / PO Box 974 56401

MINNEAPOLIS (AP) — New federal data show more than 9,500 students at Minnesota colleges and universities have defaulted on their federal student loans in the past three years.

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Roughly one in seven students who borrowed federally backed money to attend public two-year colleges is behind on payments.

The Minneapolis Star Tribune reports (http://bit.ly/PlwNxz ) that at the largest Minnesota-based for-profit school, Capella University, almost one in 10 student borrowers is delinquent.

Minnesota schools have an overall default rate of 9 percent, compared to the national average of 13.4 percent.

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Information from: Star Tribune, http://www.startribune.com

Copyright 2012 The Associated Press.

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Denton (Denny) Newman Jr.
I've worked at the Brainerd Dispatch with various duties since Dec. 7, 1983. Starting off as an Ad Designer and currently Director of Audience Development. The Dispatch has been an interesting and challenging place to work. I'm fortunate to have made many friends, both co-workers and customers.
(218) 855-5889
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