Student Loan Default Rates Show Continued Borrower Distress
Income-Based Repayment Plan Could Help More Borrowers Avoid Default

September 28, 2012
The Institute for College Access & Success
New data released today by the U.S. Department of Education confirm that student loan default continues to plague far too many borrowers. However, the data paint an uneven picture behind the overall trend, with very different default rates for borrowers at different types of schools. These data underscore the need for more oversight and stronger standards where poor student outcomes are the norm, and for intensified efforts to help borrowers enroll in affordable repayment plans before they default.

Read the press release

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TICAS Resources

 Cohort Default Rate Resources Page

  • Includes the items listed here, as well as background and historical information on CDRs.
 Sortable CDR Spreadsheet (file updated September 2012)

 Letter to Martha Kanter on Importance of Borrowing Rates (8/20/12)

  • Letter urging US Under Secretary of Education Martha Kanter to provide the share of students borrowing alongside colleges' default rates.
Participation Rate Index (PRI) Worksheet [Excel download, Microsoft 2007 or newer]
  • This tool helps colleges with low borrowing rates understand whether they may qualify to appeal CDR sanctions.

 TICAS Memo on CDR Manipulation (8/21/12)

  • The memo identifies specific steps the US Department of Education can and should take to prevent colleges from not evading basic accountability measures designed to protect both students and taxpayers.

US Department of Education Resources

 US Department of Education News Release on Two-Year and Three-Year CDRs (9/28/12)

US Department of Education materials on FY10 two-year and FY09 three-year CDRs