New Department of Education figures indicate the number of students struggling to pay back their loans is moderating. For-profit colleges continue to have the highest default rates but saw their numbers improve compared to last year.
Overall, 13.4 percent of student borrowers whose first payments came due in fiscal 2009 had fallen behind by last September, compared to 13.8 percent in the cohort that entered repayment the year before. Default rates within two years were up slightly, from 8.8 percent to 9.1 percent.
The two-year default rate at for-profit colleges remains higher than for other types of schools but fell compared to a year ago. Within three years of entering repayment, 22.7 of students at for-profit colleges had fallen behind, down from 25 percent a year ago.
The following sentence contains either a single error or no error at all. If the sentence contains an error, select the one underlined part that must be changed to make the sentence correct. If the sentence contains no error, select choice E.
|Before||the end of the semester,||each of you||needs||to meet with your|
|adviser||or I||to discuss your plans for next year.||No error|