A new study from consumer financial website LendEDU says Indiana ranks as one of the worst in the country for student loan default rates.
Inside Indiana Business says the study used data from the U.S. Department of Education, which shows the Hoosier state ranked 47th, as 14% of student loans are in default, which is when a payment is late by 270 days, or approximately nine months.
Only West Virginia, New Mexico, Mississippi and Nevada had worse default rates than Indiana.
