Walsh Student Loan Default Rate Drops to 1.9%

The student loan default rate for Walsh students has dropped for the third consecutive year to 1.9%, according to new data from the U.S. Department of Education. Walsh’s student loan default rate has consistently been less than the national average, which is 9.7%. Walsh’s previous student loan default rate was 2.3%. 

“Many Walsh students are working adults. They may have more experience managing finances and recognize they do not always need every dollar a financial aid package may offer,” says Patti Swanson, Vice President, Chief Marketing and Enrollment Officer. “Many also transfer to Walsh from community colleges where they can usually keep their debt down.”  

In fact, students can save $35,000-60,000, according to Walsh estimates, by starting at a community college and transferring to Walsh to finish their bachelor’s degree versus attending a four-year public or private institution.

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