Friday, October 31, 2008

UI has the lowest rate of student loan defaults of the Idaho higher ed intuitions in FY 2005, 2004, 2003

This is touchy subject, who is most likely to pay back their student loans? In the present financial atmosphere this is a very important consideration. The US government maintains data on student loan default rates. The data are for FY 2005, 2004, and 2003. The average default rate for masters-doctoral public university are 2.4, 3.5 and 3.3 respectively. The UI does well in comparison (2.5, 2.5, 2.3). Further, UI has about half the default rate of Boise and Idaho State Universities. UI's rate is more in line with Washington State's a PAC 10 school and does well again with the Montana universities.

Student Loan Default Rates
Average Public University (Masters-Doctoral) 2.4, 3.5, 3.3

University of Idaho 2.5%, 2.5, 2.3

Boise State University 5.4, 4.9, 4.2

Idaho State University 4.9, 5.6, 4.9

Lewis and Clark State College 9.7, 11.2, 8.9

Washington State 2.3, 3.2, 2.6

University of Montana 2.6, 4.4, 5.7

Montana State 2.8, 3.6, 2.6

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