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Despite Lower Rates, More Than 650,000 Defaulted on Federal Student Loans

More than 650,000 federal student loan borrowers who entered repayment in 2011 defaulted on their loans by 2013, new federal data show. For-profit colleges account for nearly half of these defaults despite enrolling just 12 percent of students nationally. For-profit colleges also continue to have a much higher average default rate than other types of schools: 19.1 percent, compared to 12.9 percent at public colleges and 7.2 percent at nonprofit colleges. Across all colleges, 13.7 percent of borrowers defaulted within three years of entering repayment, a slight decrease from the rates reported for the previous year, but still higher than just two years ago.

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Visit the Cohort Default Rate Resources page

At What Cost? How Community Colleges that Do Not Offer Federal Loans Put Students at Risk

In 2013-14, nearly one million community college students across the nation were denied access to federal student loans, the safest and most affordable way to borrow for college. Our report includes national and state-by-state analyses of loan access by race/ethnicity and urbanicity, and takes an in-depth look at North Carolina, California, and Georgia.

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Read the report

Protecting Colleges and Students: Community College Strategies to Prevent Default

Protecting Colleges and Students, released by the Association of Community College Trustees (ACCT) and the Institute for College Access & Success (TICAS), takes a unique look at student loan default at nine community colleges across the nation, and how those colleges are working to help students avoid default.

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Should All Student Loan Payments Be Income-Driven? Trade-offs and Challenges

This white paper analyzes the potential effects of requiring income-driven repayment for all federal loans as well as relying on paycheck withholding for loan payments, with particular attention to the implications for low-income students and families. TICAS also examines the relevance and evolution of mandatory IDR systems in Australia and the United Kingdom, and the paper includes specific recommendations to streamline and improve student loan repayment options in the United States. 

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Read the report




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Federal Student Loan Terms for 2014-15 summarizes loan limits, interest rates, and other terms for federal student loans from July 1, 2013 through June 30, 2014. Click here to view in HTML.

The Top 10 Student Loan Tips for Recent Graduates
provides useful information new graduates should know about repaying student loans. 

Student Loan Borrower Assistance is a comprehensive resource for consumers who are having any kind of problem with student loans.

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