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Nearly 10,000 Minn. students behind on loans

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news Bemidji, 56619
Bemidji Minnesota P.O. Box 455 56619

MINNEAPOLIS (AP) — New federal data show more than 9,500 students at Minnesota colleges and universities have defaulted on their federal student loans in the past three years.

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Roughly one in seven students who borrowed federally backed money to attend public two-year colleges is behind on payments.

The Minneapolis Star Tribune reports that at the largest Minnesota-based for-profit school, Capella University, almost one in 10 student borrowers is delinquent.

Minnesota schools have an overall default rate of 9 percent, compared to the national average of 13.4 percent.

Copyright 2012 The Associated Press.

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