A recent report released by the U.S. Department of Education indicated that the cohort default rate for College Foundation, Inc. (CFI) with respect to borrowers whose loans were guaranteed by the North Carolina State Education Assistance Authority (SEAA) during the fiscal year 2008 was just 2.8%, which is one of the lowest recorded default rates [...]

A recent report issued by the U.S. Department of Education predicted that the adjusted default rate for federally guaranteed student loans would rise to the highest levels since 1998 shortly, with banks predicting that the default rate could increase to as much as 6.9 percent. Such an increase would effectively mean that the rate will [...]