Hula and Defaults

Hawaii student loan defaults are rampant at some Hawaii campuses. The default rate is less than the national average, but there are problems at some for-profit and two-year schools. Default consequences include steep collection fees, seizure of income and legal action. JUNE 12, 2014·By ALIA WONG 6 Join the Discussion In a state that’s less prone than most to student loan payback problems, some of Hawaii’s two-year colleges are showing alarmingly high rates of default. Three out of every ten borrowers at Hilo’s Hawaii Community College, for example, defaulted on their loans after entering repayment in 2010. Nearly a fourth of the students from the University of Hawaii Maui College did, too. The Honolulu Community College rate for the same period pushed 18 percent, but the national average three-year default rate for public two-year colleges was 21 percent. Hawaii as a whole is well under the national student loan rate.

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About defaultprevention

Default Prevention Specialist since 1998.
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