But the default rate this year has been only about 2 percent.

That default rate has been cut in half to 15 percent.

Last year the default rate moved back below 1 percent.

The default rates here, according to the study, are 20 percent or less.

There are now 188 schools with default rates above 60 percent.

The bank claims a default rate of less than 2 percent.

Historically, the average default rate has been about 3.5 percent.

The default rate on that paper is currently running at about 6 percent.

Traditional commercial hard money loan programs are very high risk and have a higher than average default rate.

There may also be a relationship between the default rate and inflation.