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LCC Student Default Rates Jump

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The number of Lansing Community College students defaulting on student loans is on the rise. The Lansing State Journal is reporting that as the economy soured in 2008, more people went back to school causing a sharp spike in the number of student loans. As some of those loans have come due in ’09 and 2010, the number of defaults rose to 17 percent, up from 12 percent several years prior.

 

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