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Home > Research, Data & Reports > Research Reports > Default Rates at Minnesota Institutions

 

Default Rates at Minnesota Institutions


 

The federal government computes default rates for students with federally guaranteed loans. The Two-Year Cohort Default rate for Fiscal Year 2011 represents the number of borrowers who were scheduled to enter repayment and defaulted in 2011 or 2012. Minnesota had a two-year default rate of 8.6 percent in 2011, compared to the national default rate of 10 percent.

In addition the federal government computes three-year default rates. The Three-Year Cohort Default rate for Fiscal Year 2010 represents the number of borrowers who were scheduled to enter repayment in 2010 and defaulted in 2010, 2011, or 2012.

The three-year federal default rates were higher overall. The three-year default rate for 2010 for students who attended postsecondary institutions in Minnesota was 11 percent, compared to the national three-year rate of 14.7 percent. Information on default rates by type of institution and by individual colleges and universities are available in the documents below.

Student Loan Two- and Three-Year Default Rates

Student Loan Default Rates

 

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