Default rates at the top U.S. News & World Report ranked colleges
Source: U.S. Department of Education *This column displays the percentage of the schools’ borrowers who entered repayment on federal student loans between October 2008 through September 2009 and who defaulted before September 30, 2011.
These rates are, however, much lower than the national average. The national average for the same period is 13.4%, according to the Education Department. There is an edge to being an elitist.