How can such high percent of students be defaulting on their student?
Students who drop out of college are four times more likely to default than students who graduate. They represent nearly two-thirds (63%) of the defaults. They have the debt, but not the degree that can enable them to repay the debt. About one sixth of Bachelors degree recipients graduated with excessive debt, which is more student loan debt than they can afford to repay in 10 years. They took on too much debt and failed to keep their student loan debt in sync with their expected income after graduation. Some are forced to choose alternate repayment plans, such as extended repayment and income-driven repayment, to afford the monthly loan payments. Others default.