As college costs continue to rise, student loan default and repayment are issues of increasing concern to students and families, colleges and universities, and state and federal governments. Helping students borrow responsibly and manage their debt are vitally important to maintaining college access and affordability and increasing the education levels of our current and future workforce. Policy Implications suggest that: (1) Policymakers and institutions should work in concert to promote students' responsible and informed borrowing and help them manage their debt; (2) Kentucky can reduce the amount of loans students take out by improving information sharing, incentivizing program completion, and providing more intrusive counseling; and (3) When providing financial aid guidance to students, the students' major and future career prospects should be considered. This report highlights several best practices in loan management that may be useful to emulate in Kentucky. It also includes Key Findings in: (1) Defaults; and (2) Repayments. The following are appended: (1) U.S. Three-Year Official Cohort Default Rates by Sector; (2) FY 2013 U.S. Three-Year Official Cohort Default Rates by State; and (3) Average Federal Student Loan Debt Per Borrower by State, 2015.