WASHINGTON, March 17 (UPI) -- The U.S. Department of Education said a growing number of borrowers have enrolled in income-based student loan repayment plans and fewer borrowers are facing delinquencies and defaults.
The DOE, in its Quarterly Student Aid Report, said the percentage of borrowers who defaulted in the first quarter of fiscal year 2016 is down to 2.3 percent from 2.5 percent in the first quarter of fiscal year 2015.