New federal data show more than 9,500 students at Minnesota colleges and universities have defaulted on their federal student loans in the past three years. WSU students are faring better than many of their peers.
Roughly one in seven students who borrowed federally backed money to attend public two year colleges is behind on payments. The Minneapolis Star Tribune reports that at the largest Minnesota-based for-profit school, Capella University, almost one in 10 student borrowers is delinquent.
Minnesota schools have an overall default rate of 9 percent, compared to the national average of 13.4%. Winona State University's 2012 default rate is 2.5%...among the lowest rates among all institutions in Minnesota.