| State has 3rd highest default rate for federal student loans
By Ryan Quinn, Staff writer GAZETTE/MAIL
Presidential contenders' increasing talk of alleviating the massive U.S. college student debt burden has outsize implications for West Virginia - which has, according to the latest federal data, the country's third-highest default rate on federal student loans.
Nearly 6,700, or 18.2 percent, of the Mountain State's roughly 36,700 students who entered repayment in federal fiscal year 2010-11 had defaulted before the Oct. 1, 2013, start of last fiscal year - 4.5 percentage points higher than the national rate.
Only Arizona, at 18.4 percent, and New Mexico, at 20.8 percent, had higher default rates. Nebraska, at 7.7 percent, and North Dakota, at 6.1 percent, had the lowest among the 50 states. West Virginia Higher Education Policy Commission officials said Monday they expect the U.S. Department of Education to release updated numbers next month...
READ REST OF STORY: State has 3rd highest default rate for federal student loans By Ryan Quinn, Staff writer for the Gazette/Mail
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