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The Characteristics Associated with Student - page 24 / 94

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24 / 94

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College of the Student’s Most Recent Major

The number of hours that borrowers Q-drop has a statistically significant but weak association to whether or not borrowers default. (For a definition of Q-drop, please refer to the variable subsection of the Introduction.) Borrowers who Q-drop 13 or more hours have a default rate of 10.8 percent, compared to much lower rates for all other groups of borrowers. Interestingly, there is barely a difference in the default rates of borrowers who Q-drop less than 7 hours. In fact, borrowers who Q-drop between 1 and 6 hours have approximately the same default rate as borrowers who never Q-drop.

Number of Hours Q-dropped

The college attended by borrowers has a statistically significant but weak association to whether or not borrowers default. At the extremes, borrowers at the College of Veterinary Medicine and The College of Education have 2.3 percent and 2.4 percent default rates, respectively, while borrowers at the General Studies College have a 15.5 percent default rate. University administrators might be able to craft loan counseling sessions to acknowledge the different default risks associated with different colleges.

College of the Student s Most Recent Major

Other Vet Medicine Education Business Engineering Architecture Science Agriculture Liberal Arts Geosciences General Studies All Undergraduates

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