LOGAN Utah
Utahs average rate of student loan default is exceeding the national average.’s default rate for 2005 was 5 percent, above the national average of 4.6 percent. The state’s community colleges have the highest default rates, led by Salt Lake Community College at 6.8 percent.
Utah State University has the smallest default rate among public universities in the state at 1.7 percent in 2005, the most recent year for which statistics are available.
This data measures the rate that defaults occurred during the first year that payment was required, rather than defaults over the lifetime of a loan.
Brigham Young University has the lowest default rate in the state at 0.7 percent.
While lower than most schools, Utah State’s default rate is increasing.
In 2004, 1.4 percent of the school’s loans were defaulted. In 2003, that number was 1.5 percent.
