Student Loan Defaults On Increase
In this Saturday, Aug. 6 file picture, students attend graduation ceremonies at the University of Alabama in Tuscaloosa, Ala. The number of borrowers defaulting on federal student loans has jumped sharply, the latest indication that rising college tuition costs, low graduation rates and poor job prospects are getting more and more students over their heads in debt. The national two-year cohort default rate rose to 8.8 percent in 2009, from 7 percent in fiscal 2008, according to figures released Monday by the Department of Education. (AP Photo/Butch Dill)
Question: Did you take out a student loan to help you get through school?