USU students among best for paying loans

USU students are among the nation’s best when it comes to repaying student loans. Information released by the U.S. Department of Education shows the state of Utah had the lowest average default rate in the nation this year with 2.1 percent of loans failing.That number is well below the national average of 6.7 percent. At USU, the rate of default was just 1.4 percent. Financial Aid Adviser Steve Sharp says the number of student loans has been on the increase. He says currently 40 percent of USU students borrow money and the average recipient graduates with $12,000 of debt. That translates into approximately $140 a month for 10 years.

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