TOLEDO, Ohio (AP) — A northwest Ohio college is among the U.S. schools with highest number of students who defaulted on federal loans.
The Blade newspaper in Toledo (http://bit.ly/RWFnT2 ) reports officials at Owens Community College were surprised to learn their school ranked fifth among nearly 1,800 public institutions when it came to defaults on federal student loans. It had 557 students who defaulted in fiscal year 2009, according to the most recent data available from the U.S. Department of Education.
The school's director of enrollment services says it's a reflection on the economy as many of the defaulting students didn't graduate and found themselves unable to make repayments or, in some cases, find work.
About half of the 20 public schools with the most defaults were community or technical colleges.
Information from: The Blade, http://www.toledoblade.com/