[quote=bearishgurl]
I suppose there are people who DO pay them off in a timely manner but I don’t know any. Everyone I ever knew who has them have taken one or more deferrals and is paying only the minimum monthly payments on them.
[/quote]
Obviously, you don’t know everyone, only the deadbeats. The Cal State system universities mostly have default rates between 5 and 10%, with only one as high as 10%, and a couple, like SDSU, below 5%. The UC’s are better. Only one has a default rate of 5%, the rest are lower.