For the first time since 2013, the overall three-year cohort default rate on federal student loans has risen, if ever so slightly, the U.S. Department of Education announced on Wednesday.
The percentage of borrowers defaulting on their student loans within the first three years of entering repayment ticked up fractionally, from 11.3 percent to 11.5 percent, for those who began repayment in 2013-14. However, that number is still lower than it was for students who entered repayment in the 2012 fiscal year. The default rate for public institutions remained steady, at 11.3 percent, and rose for private colleges, from 7.0 percent to 7.4 percent.
Read more at The Chronicle of Higher Education: http://www.chronicle.com/blogs/ticker/national-default-rate-for-student-loans-rises-breaking-streak-of-declines/120372