Loan default rate drops among Missouri college students

Courtesy of Simon Cunningham/Flickr
Courtesy of Simon Cunningham/Flickr

The three-year default rate for Missourians who were supposed to begin repaying their student loans in 2011 dropped to 12.6 percent from 13.1 percent the year before, according to a recent report by the U.S. Department of Education.

Students in some nearby states aren’t doing as well. The default rate in Arkansas was 15.8 percent; Iowa, 17.3 percent; and Oklahoma,15.7 percent. Nationwide, the default for fiscal year 2011 was 13.7 percent.

Read more from the Kansas City Star

Tags:, , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students