{"id":839,"date":"2010-07-21T08:40:19","date_gmt":"2010-07-21T13:40:19","guid":{"rendered":"http:\/\/www.mdmproofing.com\/iym\/weblog\/?p=839"},"modified":"2010-07-20T19:31:32","modified_gmt":"2010-07-21T00:31:32","slug":"student-loan-default-rates","status":"publish","type":"post","link":"https:\/\/www.mdmproofing.com\/iym\/weblog\/2010\/07\/student-loan-default-rates\/","title":{"rendered":"Student Loan Default Rates"},"content":{"rendered":"<p>Those of you with an interest in default rates &#8212; student loan default rates, in particular &#8212; will want to set aside a few minutes to read the following:<\/p>\n<p><span class=\"article\"><i>Chronicle Of Higher Ed:<\/i> <a href=\"http:\/\/chronicle.com\/article\/Many-More-Students-Are\/66223\/\" target=\"_blank\">Student-Loan Default Rates: Understated<\/a><\/span><\/p>\n<p>Of course findings such as the following will come as a complete and utter shock to everyone (not!):<\/p>\n<div class=\"blurb\">According to unpublished data obtained by <i>The Chronicle<\/i>, one in every five government loans that entered repayment in 1995 has gone into default. The default rate is higher for loans made to students from two-year colleges, and higher still, reaching 40 percent, for those who attended for-profit institutions.<\/div>\n<p>One in every five loans that entered repayment in 1995 are in default? Yikes.  That is nasty.  As in, <b>subprime nasty.<\/b>  This is worth mentioning because, <a href=\"http:\/\/www.reuters.com\/article\/idUSN0626699620090706\" target=\"_blank\">according<\/a> to the fine folks at S&#038;P in July, 2009 &#8230;<\/p>\n<div class=\"blurb\">S&#038;P now projects defaults on subprime loans issued in 2005, 2006 and 2007 at 11 percent, 30 percent and 49 percent, respectively.<\/div>\n<p>So the folks issuing student loans to pretty much anybody with a pulse still have some work to do to reach those vaunted levels we associate with subprime default rates.  Keep at it, guys! You&#8217;re making progress!<\/p>\n<p>Back to the <i>Chronicle<\/i> piece:<\/p>\n<div class=\"blurb\">But it&#8217;s the high rates of default at for-profit institutions that are likely to get the most attention from members of Congress, who have recently raised concerns about the cost and quality of for-profit higher education. Fifteen years into repayment, two out of every five loans made to students who attended two-year for-profit colleges are in default.<\/div>\n<p>Boy &#8212; this would be really troubling to hear if we didn&#8217;t recognize that student loans are undoubtedly <a href=\"https:\/\/www.mdmproofing.com\/iym\/weblog\/2010\/06\/student-vs-subprime\/\">&#8220;good debt&#8221;<\/a> meant only to help you reach your dreams!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Those of you with an interest in default rates &#8212; student loan default rates, in particular &#8212; will want to set aside a few minutes to read the following: Chronicle Of Higher Ed: Student-Loan Default Rates: Understated Of course findings such as the following will come as a complete and utter shock to everyone (not!): [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28,29],"tags":[],"class_list":["post-839","post","type-post","status-publish","format-standard","hentry","category-statistics","category-student-loans"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Student Loan Default Rates<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mdmproofing.com\/iym\/weblog\/2010\/07\/student-loan-default-rates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Student Loan Default Rates\" \/>\n<meta property=\"og:description\" content=\"Those of 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