Missouri college loan defaults increase, lower than U.S. average

Missourians know the value of a college education, Yahoo! News reports. More students are attending institutes of higher learning which means there are greater chances of students defaulting on college loans. The Missouri Department of Higher Education states more people are unable to pay student loans, but the figure is still below the national average. From 2008 to 2009, the default rate on student loans rose from 5.8 percent to 7.6 percent. The national average went from 7 percent to 8.8 percent over the same period…

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