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.

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