SRU’s student loan default rate decreases

Oct. 8, 2018

According to data recently released by the U.S. Department of Education, Slippery Rock University's federal student loan cohort default rate decreased to 5 percent. This means that SRU graduates and former students are improving how well they manage their student loan payments.

The most recent CDR represents the percentage of a school's borrowers who entered repayment on two types of federal loan programs, FFEL and Direct Loan, during the 2014-15 tracking period and subsequently defaulted prior to Sept. 30, 2017.

SRU's 5-percent CDR, down from 5.4 percent for the previous tracking period, is the second lowest among schools in Pennsylvania's State System of Higher Education, and far less than the national CDR of 10.8 percent, which decreased from 11.5 percent.