Arkansas student loan defaults decline for 6th straight year, debt climbs to $11.5 billion

Among state colleges and universities with more than $3 million in student loan volume, the Arkansas Colleges of Health Education in Fort Smith saw the largest share increase of federal funds at a whopping 88.5% in the 2018-2019 academic year. The nonprofit group, which includes the flagship Arkansas College of Osteopathic Medicine, saw loan volume nearly double from $9.8 million in the 2017-2018 academic year to more than $16.7 million in loan proceeds this year. The growth in loan volume reflects the addition of a new class in the college that opened in August 2017.