Student Loan Default Recovery Continues to Drop in FY 2018
(27 Nov 2018) The latest available data from the federal courts show that civil suits filed to recover student loan debt are at their lowest levels in a decade. In fiscal year 2018, just 489 civil lawsuits were filed in federal courts, down from 698 in fiscal year 2017. FY 2018 continues a multi-year trend in decreasing civil suits of this type.

The latest monthly data analyzed by the Transactional Records Access Clearinghouse (TRAC) shows that the number of suits filed in October 2018 is down 14 percent over the previous month, from 43 suits in September, to 37 in October. When monthly 2018 civil filings are compared with those of the same period in the previous year, their number was down (-13 percent). Civil filings for October 2018 are lower than they were for the same period five years ago. Overall, the data show that civil filings of this type are down 74.4 percent from levels reported in October 2013.

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