That are Education Loan Defaulters? For required Down load the PDF right here. On a yearly basis, 1 million pupil borrowers standard on almost $20 billion in federal loans. 1 brand brand brand New data provide the most readily useful image ever available of who these borrowers are, the road they took into standard, and if they could actually get back their records to good standing. 2 The data reveal that the common defaulter appears completely different from stereotypical portrait of an university student as an individual who comes directly to college away from highschool and everyday lives in a.