Skip to Main Content

Federal Loan Default Rate

UD Federal Loan Default Rate Far Below National Average


 Date Published Jan. 11, 2017

CampusAccording to the U.S. Department of Education, the University of Dallas has the state’s second-lowest federal loan default rate – 1.5 percent – of any private institution offering both undergraduate and graduate programs. It is the fourth consecutive year the university has seen a decrease in its default rate; the national average is 11.3 percent.

The annual list reports the average percentage of borrowers, as reported by each institution, who entered repayment between fiscal years 2012 and 2013 and then defaulted in their first three years of repayment.

“Our students are finding jobs and not overborrowing so they can pay back their federal debt,” said Director of Financial Aid Taryn Anderson. “Fewer University of Dallas students than ever before are defaulting on their federal loans, which further shows the tremendous value of the education we provide.”

From the 2013 cohort, UD recorded only eight defaults, out of 513 students who entered repayment and remained in the cohort for three years. Sixty percent of UD graduates (who earned bachelor’s degrees) from the Class of 2013 borrowed federal loans, and the average federal student loan debt accrued from those borrowers was only $23,655 per person. According to the Institute for College Access and Success, the national average student loan debt has grown to nearly $30,000. UD students’ overall student loan debt has remained in line with national averages.

When a school’s cohort default rate becomes too high — 30 percent or more for three consecutive years or 40 percent during one year — students of that institution become ineligible to participate and receive federal loans. Because the majority of college students rely on federal loan assistance, the cohort default rate is diligently tracked by the U.S. Department of Education, higher education organizations, news media and schools, which ultimately helps determine the value for a school’s education.

News

How Do You Build the Perfect Sandcastle?

According to a team of University of Dallas juniors, there's an optimal water-to-sand ratio, roughly 6%, along with a borrowed methodology that's endured the test of time dating back to the relics of the Old Kingdom. The students' research, titled "The Best Sandcastles Are Egyptian: Pyramids Reign Supreme," was awarded a Meritorious designation in the International Mathematical Contest in Modeling (MCM) -- a first in university history.

+ Read More

Alumnus Named Among 2020 Most Influential Black Executives in Corporate America

Savoy, the leading African American business and lifestyle magazine, recently dubbed University of Dallas alumnus and Gupta College of Business Hall of Fame recipient Irvin Ashford Jr., MBA '00, among its 2020 list of elite Black executives. The listing garnered Ashford industry recognition along with the likes of Robert Smith, billionaire founder of Vista Equity Partners, out of more than 500 prospective candidates.

+ Read More

University Announces New AVP for Marketing, Communications

The University of Dallas has announced a new assistant vice president for marketing and communications. Clare Venegas, who has over 20 years of executive management and strategic communications experience in the private, public and nonprofit sectors, begins her new role on Aug. 3.

+ Read More