Source: The Institute for College Access & Success
A new report released by The Institute for College Access & Success (TICAS) discusses overall student loan delinquency and default rates, and which students are more likely to struggle with loan repayment.
In particular, low-income and Black students, as well as students earning four-year degrees at for-profit colleges, are more likely to borrow, borrow more, and default on their loans. Older borrowers and part-time students are also more likely to default, although their debt is often smaller.
The report includes expert perspectives into why some students struggle with loan repayment and recommendations to improve the repayment process.
Click here to read the full report.