Default Rate on Student Loans Down

Jul 20, 2011

The data on default rates of student loans doesn't look favorable for Maysville Community and Technical College. But Dr. Ed Story, president of MCTC cautions the data isn't official yet and Kentucky Community and Technical College staff are working with the U.S. Department of Education to verify the official default rate for MCTC. "Even if it's close to that, we're not very happy with it," said Story of a recent news article that indicates MCTC has a 29 percent three-year default rate on student loans.