Students who drop out of college are four times as likely to default on their federal student loans as students who earn degrees, and the problem is growing as borrowing increases, according to new findings by Education Sector, the public-policy think tank. In research that builds on a 2005 study, the organization said defaults are a particular concern at for-profit, less-than-four-year colleges, where the average dropout rate is above 40 percent and median debt had risen to $5,300 by 2009. The default rate among those who dropped out of such programs was 29.4 percent, the organization said. Its report, “Degreeless in Debt,” is
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