Federal Student Loan Three-Year Repayment by Sector over Time
Fifty-seven percent of borrowers who entered repayment in 2006-07 and 2007-08 had paid down at least one dollar of principal after three years. This repayment rate declined to 47% for the 2008-09 and 2009-10 cohorts and to 44% for the 2010-11 and 2011-12 cohorts. The decline in the repayment rate was sharpest in the for-profit sector.
Figure 11B: Federal Student Loan Three-Year Repayment Rate by Sector: Borrowers Entering Repayment in 2006-07 to 2011-12
Notes & Sources
- Over the years covered in Figure 11B, the share of borrowers entering repayment from public and private nonprofit four-year institutions declined. The share of borrowers who were enrolled in public two-year and for-profit institutions increased.