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The Characteristics Associated with Student - page 66 / 94

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66 / 94

Has Consolidation Loan?

No Yes Missing All Undergraduates

11,004

95.6

502

4.4

1,166

92.3

97

7.7

6

85.7

1

14.3

12,176

95.3

600

4.7

% of

% of

row

N

row

N

No

Default

Yes

Total 11,506 1,263 7 12,776

6

85.7

1

14.3

7

1,829

94.0

117

6.0

1,946

1,589

94.3

96

5.7

1,685

1,471

95.9

63

4.1

1,534

1,413

95.9

61

4.1

1,474

1,290

95.8

57

4.2

1,347

1,091

94.9

59

5.1

1,150

2,148

95.8

95

4.2

2,243

1,339

96.3

51

3.7

1,390

12,176

95.3

600

4.7

12,776

Number of Loans

Borrowers who take only one or two loans have a slightly higher probability of defaulting, as compared to borrowers who take more than two loans. Borrowers who take very few loans are less likely to have graduated from Texas A&M and are more likely than other borrowers to have attended for a short period of time, conditions that are associated with higher default rates. However, the relationship in the table is very weak and most categories of borrowers in the table have approximately the same default rate.

Borrowers who have only one lender have a slightly lower default rate than other borrowers. For borrowers who have more than one lender, there is hardly any increase in default rate as the number of lenders increases. The relationship in the table is not significant.

Number of Loans

Missing 1 2 3 4 5 6 7 to 9 10 or more All Undergraduates

Number of Lenders

Total

% of

% of

row

N

row

N

No

Default

Yes

63

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