| Lawsuits for Recovery of Defaulted Student Loans Have Fallen 24 Percent in Past Year |
| (25 Jan 2016)
The latest available data from the federal courts show that during the first quarter of fiscal year 2016 the government reported the filing of 283 new lawsuits for the recovery of defaulted student loans (excluding loans to veterans).
The number of such suits has fallen steadily since reaching a peak in FY 2011. The 99 suits filed during the month of December 2015 represents a drop of 24 percent from a year ago and nearly a 60 percent fall from five years prior.
To read the full report on defaulted student loan recovery lawsuits, including a five-year timeline of civil filings and district totals for the first quarter of FY 2016, go to: http://trac.syr.edu/tracreports/civil/414/Each month, TRAC offers a report focused on one area of civil litigation in the U.S. district courts. In addition, subscribers to the TRACFed data service can generate custom reports by district, office, nature of suit or federal jurisdiction. To start, go to: http://trac.syr.edu/interpreter?tab=civilTo keep up with TRAC, follow us on Twitter @tracreports or like us on Facebook: http://facebook.com/tracreportsTRAC is self-supporting and depends on foundation grants, individual contributions and subscription fees for the funding needed to obtain, analyze and publish the data we collect on the activities of the US Federal government. To help support TRAC's ongoing efforts, go to: http://trac.syr.edu/sponsor/ |
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Copyright 2016