Student loan default rates are on the rise - from 7% to 8.8% - with the sharpest increase coming...

|By:, SA News Editor

Student loan default rates are on the rise - from 7% to 8.8% - with the sharpest increase coming from the troubled for-profit sector, where the rate has jumped to 15% from 11.6%. The government has promised to crack down - banning schools from taking students with federal loans if they don't meet certain criteria.