Decreasing Defaults in Indiana
Ashley A. Smith, Inside Higher Ed
Student loan defaults are on the rise, with about 4.6 million borrowers in default as of 2017. Colleges with high default rates can face federal sanctions.
Officials at Ivy Tech Community College in Indiana are revamping their approach to help students understand the intricacies and consequences of taking out loans. So far, their strategy seems to be working: three-year cohort default rates have decreased to 18 percent. In 2014, the system had a 22 percent default rate, according to federal data.