The amount of dollars tax payers are stuck with due to delinquent student loans is much higher than the government reports.
On the average one in five students default on their student loans, with defaults in for profit colleges being much higher, as high as 4 out of 10, according to a report on research in the Chronicle of Higher Education. NPR news has this feature: click here.
Meanwhile a new report warns that the United States is falling farther and farther behind other countries in the proportion of adults with a college education. Researchers say the decline could have devastating economic and social consequences for the country.