Home > DocuBase > Article

« All DocuBase Articles


Follow DocuTicker on Twitter   Feed

Monday, 28th September 2009

Student Loan Default Rates Increase

Student Loan Default Rates Increase
Source: U.S. Department of Education

U.S. Secretary of Education Arne Duncan today announced that the FY 2007 national student loan cohort default rate increased to 6.7 percent, up from the FY 2006 rate of 5.2 percent.

The rate announced today is a snapshot in time, representing the cohort of borrowers whose first loan repayments came due between October 1, 2006 and September 30, 2007, and who defaulted before September 30, 2008. Some 3.3 million borrowers entered repayment during this time, and more than 225,300 borrowers went into default. They attended 5,776 participating institutions.

“The economic downturn likely had a significant impact on the borrowers captured in these rates,” Duncan said. “The Department is reaching out to make sure current and prospective student borrowers are aware of the many flexible repayment options designed to assist them with their financial obligations, such as the new Income-Based Repayment Plan.”

As a historical comparison, in FY 1990, nearly one in four borrowers defaulted on their federal loans when default rates set an all-time high of 22.4 percent. The rate dropped to record low of 4.5 percent in FY 2003.

+ Default Prevention and Management



Please note: DocuTicker's editors collect citations for full-text PDF reports freely available on the web but we do not archive these reports. When you click a link to find and/or download the report, you are leaving the DocuTicker site. DocuTicker makes no representations regarding the ongoing availability of any report or any external resource. Links were accurate as of the date of posting.

« All DocuBase Articles



FreePint supports the value of information in the enterprise. Read more »

FeedLatest FreePint Content:

  • Click to view the article How to Develop Strong Relationships between Buyers and Suppliers
    Wednesday, 25th November 2015

    Catherine Pask reports on feedback from information managers to provide suggested steps and tips for improving relationships between buyers and sellers of information, such as avoiding surprises and keeping communications open.

  • Click to view the article Surveys Reveal Concerns about Reliability of and Access to Information
    Wednesday, 25th November 2015

    As we get to the half-way point in our "News, and Other Commodities" Topic Series, Shimrit Janes pauses to reflect on the findings of FreePint's recent research and surveys into private company information and web usage policies, and takes a look at what else is still to come.

  • Click to view the article Market Landscape - Media Monitoring
    Tuesday, 24th November 2015

    FreePint presents an overview of some key vendors in the media monitoring space. The table identifies key vendors and  products, a brief description of the platform, geographic scope and highlights any special  features, key use-cases and value. Products covered include Cision, Commetric, Factiva, Infomart, LexisNexis Publisher, Meltwater News, Newsdesk, NewsEdge, Nexis, and SinglePoint.

  • ... more ...

All FreePint Content »
FreePint Topics »

A FreePint Subscription delivers articles and reports that support your organisation's information practice, content and strategy.

Find out more and order a FreePint Subscription by visiting the
completing our online form: Subscription Order page.

FreePint Testimonials

"We have enjoyed immensely working with FreePint's consulting team. Their broad experience and practical hands-on approach to strategic ..."

Read more testimonials and supply yours »




Receive the DocuTicker Newsletter each week.

Find out more »

Article Categories

All Article Categories »


All DocuBase Sources »

Source Categories

All Source Categories »


All Archives »