NAICU - Feds chase more student loan defaults

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Feds chase more student loan defaults

USA Today

May 2, 2011

The number of people who aren't paying back their student loans is on the rise, and the government is increasingly threatening to sue them for the money. The amount of loan defaults that the Education Department has referred to Justice Department lawyers for possible legal action has risen dramatically since before the recession and nearly doubled from 2009 to last year: There were 918 referrals in 2006; that number rose to 2,596 in 2009, and then to 5,393 last year, Education Department figures show.

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