Every student at Harvey Mudd College who borrowed between 2009 and 2011 was making loan payments three years later, though only 326 borrowed. At Vasser, 99.3 percent of its 923 borrowers were current. Out of non-medical colleges with at least 1,000 borrowers, those attending Notre Dame had the highest repayment rates: Of 4,691 borrowers, just 43 had defaulted within three years.
Brookings’ new report on college quality attempts to evaluate schools based on their contributions to the economic success of alumni. Federal loan repayment is one of the measures, in addition to mid-career salaries and careers in high-paying occupations.