By Jungsu Hong

“The U.S. Department of Education announced Wednesday a national drop in the default rate on federal student loans — and though UNC’s rate remained low overall, the University experienced an increase in its default rate. The average default rate for public institutions was almost flat, moving from 13 percent in 2010 to 12.9 percent in 2011. But UNC’s rate increased from 1.6 percent to 2.3 percent in 2011, an overall 44 percent increase.” Read more here.