Repayment of Student Loans Among 1995–96 and 2003–04 First-Time Beginning Students
Source: National Center of Education Statistics
When examining the loan default behaviors of students enrolled in college during 2003-04 by race, researchers found 48.6 percent black student debtors defaulted on a federal loan, as compared to 10.8 percent of Asians, 20.4 percent of whites, 34.7 percent of Hispanics, and 27 percent across all borrowers.
Another finding indicated that within the 2003-04 student cohort, the percentage of students who defaulted on a loan within 12 years varied according to the institution students first attended. For public 4-year institutions, 17 percent of students defaulted, followed by 18 percent at private nonprofit 4-year institutions, 26 percent at public 2-year institutions and 52 percent at private for-profit institutions.
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