{"id":20754,"date":"2010-07-14T22:07:41","date_gmt":"2010-07-14T22:07:41","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/government_vastly_undercounts_student_loan_defaults\/"},"modified":"2010-07-14T22:07:41","modified_gmt":"2010-07-14T22:07:41","slug":"government_vastly_undercounts_student_loan_defaults","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=20754","title":{"rendered":"Government Vastly Undercounts Student Loan Defaults"},"content":{"rendered":"<p>The share of borrowers who default on their student loans is bigger than the federal government&#8217;s short-term data suggest, with thousands more facing damaged credit histories and millions more tax dollars being lost in the long run.<\/p>\n<p>According to unpublished data obtained by The Chronicle, one in every five government loans that entered repayment in 1995 has gone into default. The default rate is higher for loans made to students from two-year colleges, and higher still, reaching 40 percent, for those who attended for-profit institutions.<\/p>\n<p>The numbers represent thousands of students like Lourdes Samedy, of Boston, who ended up defaulting on about $7,000 in student loans after completing a nine-month-long medical-assistant program at Corinthian Colleges Inc. Everest College, and now cannot get a job.<\/p>\n<p><a href=\"http:\/\/chronicle.com\/article\/Many-More-Students-Are\/66223\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The share of borrowers who default on their student loans is bigger than the federal government&#8217;s short-term data suggest, with thousands more facing damaged credit histories and millions more tax dollars being lost in the long run. According to unpublished<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=20754\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,149,111,593,596,137],"tags":[],"class_list":["post-20754","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-economy","category-education","category-personal-finance","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-young-adults"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/20754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20754"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/20754\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}