Federal Student Loan Repayment Rate by Completion Status and by Dependency Status

Sixty percent of federal student loan borrowers who entered repayment in 2010-11 and 2011-12 after earning a degree or certificate had paid down at least one dollar of their loan principal after three years. This repayment rate was 34% for noncompleters.

Figure 11A: Federal Student Loan Three-Year Repayment Rate by Completion Status and by Dependency Status: Borrowers Entering Repayment in 2010-11 and 2011-12

Figure 11B represents Federal Student Loan Three-Year Repayment Rate by Sector: Borrowers Entering Repayment in 2006-07 to 2011-12. For a corresponding Section 508-compliant data table, download the Excel spreadsheet.

Notes & Sources 

NOTE: Three-year repayment rate is defined as the percentage of borrowers in each repayment cohort whose payments reduced the loan principal by at least one dollar after three years.

SOURCES: U.S. Department of Education, College Scorecard data; calculations by the authors.

  • Completers had higher repayment rates than noncompleters in all sectors, but completers in the for-profit sector had lower repayment rates than noncompleters in the public and private nonprofit four-year sectors.
  • In all sectors, dependent students had higher repayment rates than independent students. Repayment rates ranged from 23% for independent students in the for-profit sector to 68% for dependent students in the private nonprofit sector.