Loan Default Rates
The Federal Department of Education keeps track of each school’s default rate on student loans. Below is a listing of the default rates for NTI graduates for the past 10 years. National default rates can be found on the Department of Education website. As you will see, default rates of NTI grads are below the published national default rates. This shows that NTI graduates respect the education they receive and excel well beyond graduation.
Default Rates
|
YEAR
|
%
|
|---|---|
|
1997
|
0.9
|
|
1998
|
2.5
|
|
1999
|
0.0
|
|
2000
|
1.5
|
|
2001
|
0.0
|
|
2002
|
0.0
|
|
2003
|
0.0
|
|
2004
|
1.6
|
|
2005
|
1.5
|
|
2006
|
0.0
|
|
2007
|
0.0
|
|
2008
|
1.6 |
|
2009
|
unknown |
You can search the Federal Student Financial Aid database for the default rates of any college by going to this website: http://federalstudentaid.ed.gov/datacenter/cohort.html