
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, July 20, 1993                   TAG: 9307200105
SECTION: NATIONAL/INTERNATIONAL                    PAGE: A2   EDITION: NEW RIVER VALLEY 
SOURCE: 
DATELINE: WASHINGTON                                LENGTH: Short

COLLEGE STUDENT LOAN DEFAULTS ARE DECLINING

College loan defaults are decreasing thanks to tougher collection methods and a crackdown on schools with a lot of bad loans, the government said Monday.

The Department of Education said the number of defaults for Federal Family Education Loans, formerly called Guaranteed Student Loans, declined from 22.4 percent in the 1990 fiscal year to 17.5 percent in 1991, the latest year for which figures are available.

The department also estimated that bad loans will cost taxpayers more than $1 billion less this year than in 1991, dropping to about $2.5 billion from $3.6 billion. - Associated Press

Memo: shorter version ran in the Metro edition.

by CNB