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Loyola at a Glance Faculty/Staff Newsletter

Loyola student loan default rates among lowest in the state

September 30, 2014

Loyola University New Orleans has the lowest student loan default rate among all traditional private institutions in Louisiana at 5.3 percent, according to the latest statistics released by the U.S. Department of Education last week. Default rates often are influenced by how likely graduates are to gain employment upon graduation, as well as starting salaries obtained by those graduates. These statistics demonstrate Loyola’s students are doing well after graduation.

Nationally, the U.S. Department of Education announced an overall drop in the student loan default rate—the first decline in several years. The national default rate decreased from 14.7 percent to 13.7 percent for all sectors of higher education, according to the latest federal statistics. The student loan default rate at Loyola is well below the national average.

The current student loan default rate statistics from the U.S. Department of Education followed students for three years in order to track loan default rates. In previous years, the federal government’s statistics only followed students for two years.

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