ERIC Number: ED311806
Record Type: Non-Journal
Publication Date: 1989-Jul
Reference Count: N/A
Guaranteed Student Loans. Analysis of Student Default Rates at 7,800 Postsecondary Schools. Briefing Report to Congressional Requesters.
General Accounting Office, Washington, DC. Div. of Human Resources.
Information is presented on student default rates at 7,800 postsecondary schools. The report builds on previous data and offers a summary analysis of the approximately 1.2 million 1983 borrowers' rates of default by kinds of schools that borrowers and defaulters attended and length in years of their schools' academic programs. Information is provided for each school on default rate, the number of borrowers in default, and the total dollar value of loans in default. Survey findings include the following: four-year public and private school borrowers had the lowest percentage of loans in default, and two-year public and proprietary schools had the highest percentages of loan default; four-year private and public school students had the lowest percentage of dollars in default and two-year public and proprietary school students had the highest percentage of dollars in default; over 1200 schools had default rates greater than 40%; and about half of the schools having a default rate greater than 40% also had fewer than 25 defaulters. The appendixes include a table showing the school default rates for 1983 borrowers (ranking each of the 7,800 schools in descending order by its students' rate of default). Figures are included. (SM)
Descriptors: Educational Finance, Financial Support, Loan Repayment, National Surveys, Postsecondary Education, Private Colleges, Proprietary Schools, Public Colleges, Student Financial Aid, Student Loan Programs, Student Responsibility, Two Year Colleges
U.S. General Accounting Office, Post Office Box 6015, Gaithersburg, MD 20877 (first five copies free).
Publication Type: Numerical/Quantitative Data; Reports - Descriptive
Education Level: N/A
Authoring Institution: General Accounting Office, Washington, DC. Div. of Human Resources.
Identifiers - Laws, Policies, & Programs: Guaranteed Student Loan Program