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Mass. college grads have lowest student loan default rate in nation
http://www.bostonglobe.com/metro/2015/09/30/mass-college-graduates-have-lowest-student-loan-default-rate-nation-education-department-says/Fv1HjLQVVwJhHdGLPDYqwJ/story.htmlMass. college grads have lowest student loan default rate in nation
By Catherine Cloutier Globe Staff
September 30, 2015
Graduates of Massachusetts colleges and universities have the lowest student loan default rate in the nation, according to new figures released by the US Department of Education.
The official default rate for the more than 101,000 Massachusetts federal student loan borrowers who entered repayment in fiscal year 2012 was 6.4 percent. The second lowest statewide rate was North Dakota’s, at 6.6 percent.
The state with the highest default rate was New Mexico at 20 percent.
The official default rate nationwide fell almost two percentage points to 11.8 percent. The drop was seen across public, private, and for-profit institutions.