government of canada student loan

Student loan default high

Keeping up with student-loan payments is not a priority for about one-quarter of the students who borrow from the federal government to fund their education.

About $2.6 billion in federal student loans is currently in default, said Heather Hamilton, spokeswoman for the Canada Student Loans program.

The default rate was just over 25% for 2004-05, she added.

That doesnt necessarily mean (the students) have walked away from it, it means theyre late, said Hamilton.

A loan that is 270 days past due is in default. .

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Contractors completing external work on Wal-Mart Supercenter

Progressive Constructors first started work in February, and Burroughs said they are still on target for the mid-September finish date.City officials indicated in April that Wal-Mart should be ready to open sometime in October.The Bastrop Board of Aldermen last year adopted a series of ordinances that allowed the city and Wal-Mart to enter into a partnership where the company, in essence, loans the city the funds necessary to make street, sewer, water and other improvements to allow the development.

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