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The Characteristics Associated with Student - page 41 / 94

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41 / 94

757

96.9

24

3.1

781

1,633

96.3

63

3.7

1,696

377

96.2

15

3.8

392

2,641

95.8

117

4.2

2,758

1,108

95.8

49

4.2

1,157

534

95.2

27

4.8

561

1,349

95.1

69

4.9

1,418

57

95.0

3

5.0

60

923

94.9

50

5.1

973

1,238

94.1

78

5.9

1,316

1,361

93.8

90

6.2

1,451

198

93.0

15

7.0

213

12,176

95.3

600

4.7

12,776

significant but fairly weak relationship between the college a borrower is admitted to and the likelihood of default.

Borrowers who have missing values for College of Admission belong disproportionately to the earlier cohorts, which have higher default rates than later cohorts. This might explain why the missing category in the table has a higher than average default rate

College of Admittance

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

Total

% of

% of

row

N

row

N

No

Default

Yes

Number of Semesters Enrolled Less than Full Time

3,054

94.8

168

5.2

3,222

3,357

95.4

162

4.6

3,519

2,440

95.2

122

4.8

2,562

The number of semesters that borrowers enroll at less than full-time status is significantly related to whether or not borrowers default. However, the pattern of default rates is complex and defies easy interpretation. In fact, the important and statistically significant distinction appears to occur between the group that enrolled for two semesters at less than full-time (4.8 percent default rate) and the group that went for three semesters (3.6 percent rate). Nevertheless, it is difficult to come up with a reason to explain this apparent difference.

  • #

    of Semesters Enrolled Less Than

Full-Time

Missing (Zero) 1 2

Total

% of

% of

row

N

row

N

No

Default

Yes

38

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