Best Colleges - 2024 Student Loan Default Rate (3 Year)

The three-year student loan default rate measures how many graduates from the institution go into default on their student loans with three years of graduation. This is a complicated metric with many factors, but in general colleges and universities with high student loan default rates may indicate that students have trouble finding employment or well-paying jobs after college. This may mean that the institution has a less-established reputation with employers or that it graduates a higher percentage of students with degrees in lower-wage fields of study.