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A key factor in student loan default is what school borrowers attended.
Exact dates are difficult to ascertain however, as there does not appear to have been any major research carried out on the subject.
Schools with lower default rates give their students a better chance at successfully repaying their debt and being financially prosperous after graduation.
Below you will find a table with the average default rate by school type.
Nowadays, the majority of students aren't just leaving their graduation ceremonies with diplomas - they are also leaving with a bundle of student loan debt.
In fact, the average graduate has just under ,000 in student loan debt.Using data from the Department of Education, we ranked 4,544 schools throughout the United States in terms of federal student loan default rates.