Statistics show Liberty University alumni have a strong record of paying back their student loans. Their rate of default — missing payments for months in a row — is far lower than the state and national averages. Here are a few comparisons:
National Student Loan Default Rate: 4.6%
Virginia Student Loan Default Rate: 4.1%
4-Year, Private School Student Loan Default Rate: 2.3%
LIBERTY UNIVERSITY STUDENT LOAN DEFAULT RATE: 1.9%
These numbers are no surprise to LU’s Director of Financial Aid Robert Ritz. Liberty students’ rates of default have been below the national average for the past three years, he said.
“It means when students graduate, they’re getting jobs and are able to pay back their loans.”