MORE OHIO NEWS
News from region's first prime-time newscast. You'll find it First On Fox!
Ohio student loan default rate over 3-year period among highest in nation
Reported by: Associated Press
Reported: Saturday, October 12, 2013 10:56 AM EDT
A newspaper reports that Ohio's student loan default rate is among the 10 highest in the country with nearly 30,000 Ohioans defaulting on federal loans they were supposed to start repaying in 2010.
The Consumer Financial Protection Bureau reports that more than 7 million borrowers are in default on a federal or private student loan. That means they missed payment for nine months.
Defaults leave borrowers facing problems that included added interest and wage garnishment.