According to a new study by the U.S. Department of Education, students at Georgia colleges and universities are defaulting on their student loans at a higher rate than the national average.
The study found that 12% of students at Georgia postsecondary schools who were scheduled to begin paying their loans in 2013 were in default by the third year of repayment.
The overall U.S. default rate was 11.3%. (See the default rates for all 50 states.)
The study looked at more than 6,000 postsecondary schools in the nation and 145 in Georgia, including private, public and proprietary (for-profit) schools. Among the largest in the state by enrollment, default rates were:
- Georgia State: 8.8%.
- Kennesaw State University: 7.3%.
- Georgia Southern University: 6.8%.
- University of Georgia: 2.2%%.
- Georgia Tech: 2%.
(Click here to search the federal database for default statistics by school, city or state.)