Tuesday, August 16, 2011

Student loan defaults

Phil Izzo over at the Wall Street Journal (Real Time Economics blog, see here) looks at student loans (and worries a little - see graph below, click to enlarge).


Mr. Izzo says,

In the second quarter, 11.2% of student loans were more than 90 days past due and the rate was steadily rising, according to data from the Federal Reserve Bank of New York.

No comments:

Post a Comment