Investor Presentaiton
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The borrowers who struggle most are often
non-completers with less than $10,000 in debt
Borrowers who do not complete a degree
default at a rate almost three times higher
than borrowers who earned a degree ...
Borrowers in default by attainment
25
20
15
As a result, borrowers who run into trouble
repaying usually have below-average amounts
of debt.
3-Year Default Rate by loan size and Repayment
Cohort (parentheses contain share of all defaults)
(35%)
2.8X
25
25%
20
(31%)
15
(18%)
10
(11%)
(4%)
10
9%
5
0
Completed
Degree
Did Not
Complete
Degree
5
0
<$5,000
$5-
$10- $20- >$40,000
10,000 20,000 40,000
Source: President Obama's Council of Economic Advisors, "Investing In Higher Education: Benefits, Challenges, And The State Of Student Debt," July 2016
Note: Years are fiscal years. Loan size is based on balance of loan when entering repayment.
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