Sentences with phrase «average federal student loan default»
The average student debtor holds $ 27,975 in student loan debt, while the average federal student loan default rate sits at 11.8 percent.
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With the increase in the amount of the average student loan debt, Federal Reserve data shows the number of defaults is also on the rise.
For borrowers entering repayment in 2014, the national average default rate on federal student loans was 11.5 percent, a 1.77 percent increase from the 2013.
The average default rate on federal student loans sits at 11.8 percent.