Two Year Rates as Compared to Three Year Rates

Overall default rates on federal student loans under the three-year window were 13.8% for students who entered repayment in fiscal 2008, nearly double the current official default rate of 7% as calculated under a two-year window. For 2007 borrowers, based on Wall Street Journal analysis of Department of Education data, the default rate was 6.7% under the two-year window and 11.8% when expanded for three years.

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About defaultprevention

Default Prevention Specialist since 1998.
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