Statistics

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 2 Year Default Rates

FY Being Reported

# Entering Repayment

# In Default

Default Rate

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

737

46

6.2%

2006

938

79

8.4%

2007

691

54

7.8%

2008

557

54

9.6%

2009

631

64

10.1%

2010

690

82

11.8%

2011

798

140

17.5%

 

Indiana University East 3 Year Default Rates

FY Being Reported

# Entering Repayment

# In Default

Default Rate

2009

628

91

14.4%

2010

688

138

20.0%

 

Source: US Dept of Education National Student Loan Data System