FY 2015 national cohort default rate is 10.8%, down from 11.5% in the previous year. 

 

By comparison, Arkansas’ cohort default rates dropped from 12.2% to 11.2%, inching closer to the national average. Five years ago, when ASLA initiated efforts to lower the state’s default rate, Arkansas ranked near the bottom of all 50 states at 49th. During that period, Arkansas’ default rate had declined from 19% in 2010 to the more manageable 12.2% in 2014.

 

Arkansas’ 351,000 student loan borrowers carried more than $10.8 billion in debt at the end of 2017

 

According to USDE data, Arkansas’ 351,000 college tuition borrowers carried average of $26,799 in student loan debt per student, slightly less that the $27,857 average balanced held by the other 43.6 million Americans that are still paying for college.

 

By far, college-goers attending the University of Arkansas at Fayetteville received the largest portion of federal student loan proceeds in the 2017-2018 academic years, when $107.6 million was handed out to enrollees at the state’s largest university

 

Arkansas State University in Jonesboro received the second-largest share of federal student loans at nearly $91.9 million in the 2017-2018 academic year.

 

Question: Where would we find these numbers in our current dataset?

https://collegescorecard.ed.gov/assets/FullDataDocumentation.pdf

https://collegescorecard.ed.gov/assets/CollegeScorecardDataDictionary.xlsx

Dept of Ed Release: Default Rate

 

 

Instructions in Default Rates

 

New Disbursements by Location – Title IV Data: 2016-2017 Totals By State

This report includes disbursements included in the Direct Loan and Grant Volume Reports only. Disbursements from the Campus-Based Programs (Federal Perkins, Federal Supplemental Opportunity Education Grant, and Federal Work-Study Programs) are not included in this report.

 

College InSight – Detailed Debt Data. Average Debt of Graduates, Percent of Grads With Debt

 

Details on Student Loan Delinquencies by Type of Loan

Federal Student Loan Portfolio: The office of Federal Student Aid is responsible for directly managing or overseeing an outstanding federal student loan portfolio comprised of billions of dollars in Title IV loans and representing millions of borrowers. This federal student loan portfolio includes Direct Loans, Federal Family Education Loans (FFEL), and Perkins Loans with outstanding balances. The reports below provide information about the federal student loan portfolio.

 

 

Total disbursements by institution:2017-2018 Award Year Direct Loan Volume by School

 

Portfolio-by-Location-by-Debt-Size

DL-by-Delinquency-Location

Portfolio-by-Location-by-Age***

Portfolio-by-Location

 

Question: Are there any common fields between this new data and the College Scorecard data?

 

 

 

Story	Reporter	Editor	Deadline
BEAUTY	Wilson / Hazel	Jordan	Nov. 25
FEMALE	Van Dyke / Lane	Bouchillon	Nov. 25
OVERVIEW	Ruiz / Nichols	Wells	Nov. 25
PROFIT	Lancaster / Green	Joran	Nov. 27
RACE	Brown / Smith	Minor	Nov. 25

 

Student Loan Story Budget

 

 

1. Write a memo about the data sources you intend to use for your dashboard. Include links about any of the new data sources. Describe why you need to use the new data versus the version we have been using. Post the memo on WordPress, using your slug: RACEG – Data memo. etc…

 

2. Begin building graphics with this new data

• Compare Arkansas to other states by Loan and Grant and Total Disbursements by Location of Federal Student Aid Recipient
• Construct Average Debt of Graduates chart from the CollegeInsight data
• Examine 2017-2018 Award Year Direct Loan Volume by School,  construct a basic visualization