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Ohioans Having Trouble With Student Loans
By: Cheri Russo
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On the heels of the worst recession since the great depression, many Ohioans are having a hard time repaying their student loans.
Ohio's default rate for student loans was 8.5 percent as of Sept. 30, 2010 – making Ohio's the 18th-highest rate out of 54 U.S. states and territories ranked by the U.S. Department of Education.
Ohio's for-profit colleges saw the highest rate of students unable to pay back loans. American School of Technology in central Ohio had the highest rate of 22 percent.
The state's largest public university, The Ohio State University, saw a 2010 rate of 3.1 percent. While still small, it is an increase over the school's 2009 rate of 2.5 percent.