The Default Rate on Student Loans is Increasing
Loan default rates can indicate how well Albany Medical College is helping students afford to attend college
without undue reliance on loans, particularly unsubsidized loans. It can also indicate future earnings and career potential. Look at the information below, and discover why this statistic should be a factor in your college decision.
A total of
197 Albany Medical College
students entered loan repayment in 2010.
After three years, 0.5% of these students
(1 out of
197) defaulted on their loans.
The lower the default rate the better! The chart below compares this college to the average 3-year default rate calculated accross all of the 4-year schools we have data for.
Prior to 2012, default rates were calculated at two years.
The historical two-year default rate on student loans
during a three-year period.
When compared to the average three-year default rate of 7.4%,
the default rate at Albany Medical College is
excellent. It is a good indication that the financial needs of a typical student are being met in such a way that
reliance on loans, particularly unsubsidized student loans, is minimized.