| tarheel91 said: Based on unpublished data with no information about how the study was performed? I'm calling BS on this. This is not how statistics work. You can't just (poorly) report your findings and nothing else. They fail to use ranges, instead using point values which are very misleading. They don't give you any idea about standard deviation or anything.
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If you disagree with the data of the original post, find data you consider more accurate. The problem with the U.S government data, is that it only looks at default rates within the first few years. Nothing is found for longer out.
Here is another article:
http://www.nytimes.com/2010/09/14/education/14colleges.html
The default rates represent a snapshot in time, examining only borrowers whose first loan repayments came due from Oct. 1, 2007, to Sept. 30, 2008, and who defaulted before Sept. 30, 2009. Those who defaulted later were not included in the data; over time, default rates increase substantially.
