fbpx

Department of Education Default Rate Numbers a Work of Fiction

During the First World War, it is said, the British military kept three sets of casualty figures: one set to deceive the public, a second set to deceive the War Ministry, and a third set to deceive itself. Over the years, the Department of Education has released its annual 3-year student-loan default rate in the … Read more

Student Loan Default Rates Really Suck

Today, the New York Fed released the Quarterly Report on Household Debt and Credit for the fourth quarter of 2014. The report is based on data from the New York Fed’s Consumer Credit Panel, a nationally representative sample drawn from anonymized Equifax credit data. Overall, aggregate balances increased by $117 billion, or 1.0 percent, boosted … Read more