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Defaults fall as student loan paybacks rise nationwide
Federal data show defaults dropped to 15 percent in 1992 from 22 percent two years earlier as more graduates repay loans. Taxrefund seizures and wage garnishment helped recover over $500 million, with Nevada posting the highest default rate among states and private trade schools showing notable declines.
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Washington
Richard Riley
Leo Kornfeld
Beauty
Haw
Nevada
Louisiana
Connecticut
Alaska
Florida
California
Montana
North Dakota
Vermont
Congress
Education Department
Riley