Student Loan Default Rates At Every New York College Revealed

LendEDU has just released a new report using data from the United States Department of Education to detail student loan default rates for nearly 4,500 colleges throughout the United States. A federal student loan is considered to be in default if a payment is late by more than 270 days, or about nine months.

The national default rate is 10.1 percent, according to the report. Nevada has the highest default rate at 18.16 percent and Massachusetts has the lowest default rate at 5.82 percent.

The New York default rate is 8.62 percent, the 10th lowest in the country. Out of 259,354 student loan borrowers in the state, 22,356 are in default, which can lead to serious consequences, including having tax refunds, Social Security benefits, or wages garnished as well as destroying your credit score.

See the default rates, from lowest to highest, for every New York college below. The data reflects default rates for the 2016 fiscal year and was released by the Department of Education on Sept. 23, 2019.

Read the full LendEDU report.