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Moody's: Defaults of private student loans to stay high in 2013 but will improve

The default rate of securitized private (non-guaranteed) student loans, PSL, will remain high into 2013; however, it will continue to improve slowly on a year-over-year basis, says Moody's Investors Service in a new report, "Private (Non-Guaranteed) Student Loan Defaults Improve But Will Remain High in 2013."