U.S. Publishes Data on Lifetime Student Loan Default Rates

The U.S. Education Department has published annual data that examine not only the standard two-year "cohort default rate" for student loan borrowers, but also the rate at which student loan borrowers default over the lifetime of their loans. As is true of other analyses of default rates, the statistics show that students at for-profit colleges are more likely to default on their federal loans than are students from other types of colleges.