Maine community, trade students default more

By The Associated Press | Posted - Sep. 26, 2014 at 3:31 p.m.



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

PORTLAND, Maine (AP) — Maine's community college and private trade school students are more likely to default on federal student loans than students at four-year universities.

The Portland Press Herald (http://bit.ly/1t2Xe8F ) reports that federal Department of Education data says Maine's 2011 default rate was 12.8 percent. That is slightly less than the national 13.7 percent rate, which is also a drop from the 14.7 percent rate in 2010.

The highest default rate in Maine was 29.5 percent at Washington County Community College. Four of the state's six private for-profit trade schools have default rates over 21 percent.

The default rate at the main University of Maine campus in Orono was 6.3 percent.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast