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Student Loan Default Rates

Grads of private colleges are far less likely to default on their federal student loans than grads from public and for-profit institutions. For Fiscal Year 2011, the federal student loan default rate for graduates of private colleges was 5.2 percent, compared with 9.6 percent for public institutions and 13.6 percent for for-profit institutions.

Source: U.S. Department of Education, 2013, "Default Rates Continue to Rise for Federal Student Loans," September 30, 2013.