Default Loan Debt Pattern
The data from the college scorecard website showed a few relations between the institutions in Arkansas and their default loans. There also seems to be a trend for the schools that have the most default debt in the way that they are located mostly in the southern part of the state. The institute with the highest default rate ws East Arkansas Community College. Another correlation for the top 10 default debt data is that there was a parallel between blue-collar, low income areas having higher CDR rates. We should further notice that a majority of these top schools with higher CDR rates are either community colleges or beauty schools and should be additionally examined. Notably, Harding University made the list for an institution with one of the highest default debt rates on the map. There is possibly a correlation between the fact that it is a private institution and its demographics.
For the lowest default rate in Arkansas, the University of Arkansas for Medical Science and the Salon Professional Academy – North Little Rock take the cake. The location for the schools with the lowest defaulting rates showed that there was no specific location trend unlike the higher default debt that can be located in the southeastern parts of Arkansas.
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