The Education Department announced last night that the rate of - TopicsExpress

The Education Department announced last night that the rate of borrowers who default on their student loans within three years is down from 14.7 to 13.7 percent. This is not progress; this is embarrassing. Countries that have universal income-based repayment plans like I have proposed for the U.S. have default rates around 1 or 2 percent! We can do better than having nearly 14 percent of students needlessly default on their student loans within three years. Read more about my plan here: petri.house.gov/studentloans

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