Learning Curve

For-profit schools, loan defaults and the federal ATM

Dan Abendschein Jun 20, 2014

The type of school you attend can determine how likely it is you will default on your loans. The graphic below looks at students who began repaying their loans in 2010.  It compares the percentage of students with loans at a given type of school, with the three-year default rate for that type of school.

 

The second chart looks at 2,057 for-profit schools grouped by the percentage of revenue they get from federal grants and loans:

You can check out individual for-profit schools at the full federal report here.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.