Defaulted Student Loans:

Analysis of Defaulted Borrowers at Schools Accredited by Seven Agencies

HRD-90-178FS: Published: Sep 12, 1990. Publicly Released: Sep 12, 1990.

Additional Materials:


Office of Public Affairs
(202) 512-4800

Pursuant to a congressional request, GAO provided information on the default rates in the Department of Education's Stafford Student Loan Program for postsecondary schools accredited by seven agencies.

GAO found that: (1) the number of schools accredited by the agencies ranged from 16 to 781; (2) the number of borrowers in repayment by accrediting agency ranged from 16,413 to 353,872, and the loan defaults per agency from about $12.9 million to $230.8 million; (3) two agencies had the highest default rate of 38 percent, while schools with multiple accreditation had the lowest rate of 24 percent; and (4) Education established regulation in July 1989 that required schools with default rates over 20 percent to prepare default management plans.

Sep 20, 2017

Sep 14, 2017

Sep 13, 2017

Jul 18, 2017

Jul 12, 2017

May 24, 2017

May 18, 2017

May 4, 2017

Looking for more? Browse all our products here