WASHINGTON (WKZO-AM) — The U.S. Department of Education says student loan default rates at Michigan colleges are on the decline.
Among graduates that have been paying back their loans since September 2012, the rate is down to 12.8 percent. It was at 14.4 percent just a year ago.
Only 6.1 percent of Western Michigan University students are not paying back their loans on time, down from 7.7 percent. Kalamazoo College’s rate remains one of the lowest in the state, but increased from 1.3 percent to 2.4 percent over the same timeframe.
Among the state’s public schools, rates range from 10.2 percent at Eastern Michigan to 1.6 percent at U-M.
– Anthony Pollreisz
