Tuesday, October 1, 2013

No surprise: Default rate on student loans continues to climb

http://chronicle.com/blogs/ticker/default-rate-on-federal-student-loans-climbs-again/66985?cid=pm&utm_source=pm&utm_medium=en

Why?

  1. Absurdly high tuition rates
  2. An anemic job market for recent college grads
  3. Too many young people who don't belong in college in the first place
Anyway, that's my take on it.

Here's some data:


   Posted Date: September 30, 2013

Author:  Katrina Turner, Director, Operations Performance Division, Federal Student Aid

Subject: National Default Rate Briefings for FY 2011 2-Year Rates and FY 2010 3-Year Rates
Attached are the National Default Rate Briefings for FY 2011 2-Year cohort default rates and FY 2010 3-Year cohort default rates.
Both briefings are provided in Microsoft Power Point (PPT) format and Portable Document Format (PDF). The PDF file requires 4.0 or greater of the Free Adobe Acrobat Reader software.
Important Note: Some schools have a small number of borrowers entering repayment. At other schools, only a small portion of the student body takes out student loans. In such cases, the cohort default rate should be interpreted with caution.
Contact Information
If you have questions about the briefing, contact us by e-mailing fsa.schools.default.management@ed.gov or by calling the Operations Performance Division Hotline at 202/377-4259.
Attachments/Enclosures:
Briefing on FY 2011 2-Year National Default Rates in PPT Format, 326KB
Briefing on FY 2011 2-Year National Default Rates in PDF Format, 441KB, 3 Pages
Briefing on FY 2010 3-Year National Default Rates in PPT Format, 1.83KB
Briefing on FY 2010 3-Year National Default Rates in PDF Format, 162KB, 2 Pages

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