Arizona Business Daily
At South Mountain Community College, 33.3 percent of borrowers who started repaying student loans in 2014 defaulted on those loans by the end of 2016, according to a Higher Education Tribune analysis of the latest disclosure from the U.S. Department of Education.
The analysis uses data that tracks borrowers at publicly controlled colleges and universities receiving federal student aid. The 2014 cohort accounts for borrowers who entered repayment on selected federal loans in the given fiscal year and defaulted before the end of the second fiscal year.
Altogether, 20 institutions based in Arizona had 64,485 borrowers in repayment in the 2014 cohort. And 9,566 of them were in default – a default rate of 14.83 percent, which is above the national rate of 11.5 percent.
