Walsh student loan default rate drops to 1.9% keeping it below national average

TROY, Mich., Oct. 14, 2020 — 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.

For more information, visit www.walshcollege.edu.

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Walsh is an all-business, private, independent, not-for-profit, fully accredited college offering undergraduate, graduate and doctoral business and technology degrees, as well as certificate programs. Founded in 1922, Walsh is one of Southeast Michigan’s largest graduate business schools, offering classes in several locations and online. Our internationally and nationally-ranked programs integrate theory and application to prepare graduates for successful careers. Walsh degree programs include accounting, finance, information technology, human resources, management, marketing, taxation and other fields. For more information, please visit www.walshcollege.edu.

Walsh is accredited by the Higher Learning Commission (www.hlcommission.org) and the Accreditation Council for Business Schools & Programs (www.acbsp.org).