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

Federal Loans: Repayment RatesFigure 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.
  • 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.