ASU student loan default rate 65 percent lower than Arizona average and 49 percent lower than national average
Monday, the U.S. Department of Education released statistics that show Arizona’s student loan default rate for the most recent reporting period to be the highest in the nation at 9.8 percent. Arizona State University’s student loan default rate for that same time period was 3.4 percent, 65 percent lower than the Arizona average and 49 percent lower than the U.S. average default rate of 6.7 percent.
In addition, ASU has reduced the average level of student indebtedness for Arizona resident baccalaureate degree recipients from $18,328 in 2006-07 to $16,330 in 2007-08. The average level of debt for an ASU student is 29.6 percent lower than the national average of $23,200.
For more information about ASU’s financial aid programs, including student loans, please see: http://students.asu.edu/financialaid.