With Student Loans Equal to All Income Tax Collection, 27% are in Defaults

With Student Loans Equal to All Income Tax Collection, 27% are in Defaults:
"On April 15, Tax Day, Americans have paid the federal government an estimated $1.477 trillion–a slightly higher figure than the total value of outstanding student loans.
Five days ago, the St. Louis Federal Reserve published a report titled “Student Loan Delinquency: A Big Problem Getting Worse?”
The Fed determined that of the nearly $1.3 trillion in non-bankruptcy-dischargeable student loans, the delinquency rate for students in repayment is over 27 percent.
With tuition at the University of California and other top schools growing faster than inflation, student loan defaults are skyrocketing.
...But when the Fed researchers Juan M. Sánchez and Lijing Zhuthe Fed dug deeper, they determined that for student loans made from October to December 2010, about 45 percent of student loans were not in repayment. 
This implied that only about 55 percent of student loans for the period are in repayment...."