Default of student loans in India is around 8% which is about 1 Billion USD. Source http://www.dnaindia.com/money/report-banks-learn-a-hard-lesson-worth-rs-5192

Default of student loans in India is around 8% which is about 1 Billion USD. Source http://www.dnaindia.com/money/report-banks-learn-a-hard-lesson-worth-rs-5192-crore-on-education-loans-2125507 http://www.dnaindia.com/money/report-banks-learn-a-hard-less... Default of student loans in USA is around $1 trillion. Isn't this what is called comparing Apples and Oranges.