US Government Caught Massively Fabricating Student Loan Default Data

– US Government Caught Massively Fabricating Student Loan Default Data:

Many more students have defaulted on their college loans than the U.S. government previously revealed. This stunning admission came last Friday, when the Education Department released a memo revealing that it had overstated student loan repayment rates at most colleges and trade schools. The explanation? the problem resulted from a “technical programming error.”

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