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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.