The Official Student Loan Cohort Default Rate Is 0.4%. Here’s Why That Number Means Almost Nothing.

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Rommie Analytics

The Department of Education building is seen the morning after Donald Trump signed an executive order dismantling of the department, in Washington, on March 21, 2025. Whether Trump has the authority under the U.S. constitution to close a congressionally mandated agency remains an unanswered question. (Photo by Allison Bailey/NurPhoto via AP)