Default Rate for IU East Students
Implications of Loan Default
If you don't pay back a loan according to the terms in your promissory note, you may be in default. Default occurs when you fail to make a payment on your loan when due or fail to comply with other terms of your promissory note. If you default on any federal student loan, the federal government may take some serious actions against you.
| Indiana University East Default Rates |
||||
|---|---|---|---|---|
| Campus |
FY Being Reported |
# Entering Repayment |
# In Default |
Default Rate |
East |
1993 |
240 |
15 |
6.2% |
1994 |
308 |
27 |
8.7% |
|
1995 |
330 |
32 |
9.6% |
|
1996 |
435 |
47 |
10.8% |
|
1997 |
447 |
45 |
10.0% |
|
1998 |
478 |
43 |
8.9% |
|
1999 |
455 |
41 |
9.0% |
|
2000 |
468 |
46 |
9.8% |
|
2001 |
467 |
42 |
8.9% |
|
2002 |
488 |
32 |
6.5% |
|
2003 |
494 |
36 |
7.2% |
|
2004 |
599 |
43 |
7.1% |
|
2005 |
767 |
46 |
6.2% |
|
2006 |
938 |
79 |
8.4% |
|
Source: US Dept of Education National Student Loan Data System
