UW student loan default rate well below nat’l avg.
Date posted: April 4, 2013
CHEYENNE (AP) — The percentage of University of Wyoming students defaulting on federal loans is well below the national average.
According to U.S. Education Department figures, 4.9 percent of UW students defaulted on their student loans within three years of entering repayment.
Nationally, 13.4 percent of student borrowers defaulted.
UW Student Financial Aid Director Joanna Carter says UW has fewer students taking out loans because of scholarships and other factors. Also, the amount of money owed by the average UW student after college is on the low end of the national scale.
Wyoming’s seven community colleges have default rates ranging from a low of 10.7 percent at Northwest College to 25.1 percent at Central Wyoming.
Rates at other Wyoming colleges are: Casper, 13.5; Sheridan, 12.5; LCCC, 17.3; Western, 18.8; Eastern, 23.2.