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NEWS
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News Release |
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Students repay loans, keeping default rate low BOWLING GREEN, O.—At 2.5 percent, the 2003 student loan default rate for Bowling Green State University is the lowest among
the 13 public, four-year state universities in Ohio, according to U.S. Department of Education statistics released in September.
The figures are the most recent available.
Craig Cornell, director of Student Financial Aid at BGSU, attributed Bowling Green’s comparatively low rate to several factors.
“We work very closely with students to help them understand their lending responsibilities,” Cornell said, and “they’re taking
it seriously.”
Success in reducing the rate is testimony to the students and their values, as well as what they learn at BGSU and the jobs
they’re able to acquire after graduation, he added.
The BGSU rate means that only 96 of 3,778 student borrowers who began repayment between Oct. 1, 2002, and Sept. 30, 2003,
defaulted on their loans by September 2004. Rates at Bowling Green’s peer, in-state institutions ranged from 2.6 percent at
Shawnee State University to 6.1 percent at the University of Toledo.
Nationwide, the 2003 average default rate was 3.3 percent among students at public, four-year institutions and 4.5 percent
for all college students. Those figures were down from 4 percent and 5.2 percent, respectively, the preceding year.
(Posted September 20, 2005 )
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