Rates for over 5,000 U.S. colleges
In 2005, nearly 3.5 million people were scheduled to repay student loans. Almost one in 20 failed to pay. Yet that’s a massive improvement over 15 years prior, when almost a quarter of student loans with payment due were in default. Student loans can be awarded by the largest state universities and most lauded private schools and the tiniest beauty schools and technical programs. Colleges with default rates over 25 percent for three years, or over 40 percent in the most recent year, may lose eligibility to participate in federal student loan and Pell Grant programs. See which colleges administered these loans most responsibly from 2003 to 2007 in the data here. The data is accurate as of Sept. 10, 2007.
Source: U.S. Department of Education
Last Updated: 1/28/2008
