Borrowers at For-Profit Schools Represent Large and Growing Share of Loan Defaults

The main title is Student Loan Default Rates Increase. From the press release:

U.S. Secretary of Education Arne Duncan today announced that the FY 2008 national cohort default rate is 7.0 percent, up from the FY 2007 rate of 6.7 percent. The default rates increased from 5.9 to 6 percent for public institutions, from 3.7 to 4 percent for private institutions, and from 11 to 11.6 percent for for-profit schools.

If you need assistance repaying your student loan, contact either http://www.federalstudentaid.ed.gov/ or your loan holder.