Default rates on federal student loans fell at all types of colleges this year, with the biggest drop occurring among for-profit institutions.
Nationwide, the federal default rate declined by almost two percentage points, to 11.8 percent for students who entered repayment in the 2012 fiscal year.
Only 15 colleges exceeded the cutoffs established by Congress and could lose access to federal student aid as a result.
The bit of good news masks a crucial fact, however: Thousands of borrowers are still struggling to repay their debt.
Read more at The Chronicle of Higher Education: http://chronicle.com/article/In-Falling-Default-Rates-an/233529