September 24, 2004
Student-Loan Defaults Fall to New Low
The rate at which borrowers default on federal student loans has dropped to an all-time low of 5.2 percent, U.S. Education Department officials announced last week.
The default rate measures the percentage of borrowers who have defaulted within 12 to 24 months of leaving college. The latest data available are for borrowers who left college in the 2002 fiscal year. The 2002 rate dropped by 0.2 percentage points from the 2001 rate, representing a reduction of about 17 percentage points
This content is only for subscribers. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
-
The Chronicle Review
-
Government
-
Advice
