Research reveals that 47.9% of family income is committed to debt, affecting monthly payments
Default rates in private higher education in Brazil reached 9.33% in the first half of 2024, according to the 16th edition of the Default Survey in Private Higher Education, released on Tuesday (13.nov.2024) The study was carried out by , in partnership with Principia. Here’s the
The survey covered 250 institutions, which represent around 26% of national enrollments in face-to-face and distance learning courses. The 3.4% increase compared to the same period in 2023 reflects economic challenges and the increase in household debt. According to Serasa, as of August 2024, 47.9% of family income is committed to debt.
After a brief recovery in 2022, default rates rose again in 2023, reaching 9.03%. In the first half of 2024, the situation worsened, with default rates in on-site courses growing by 3.0% and in distance learning, by 11.8%, resulting in a total rate of 9.33%. Small institutions face the worst rates, at 14.26%. Medium-sized companies have 7.91% and large companies have 9.15%.
Rodrigo Capelato, executive director of Semesp, states that the macroeconomic scenario has been one of the most critical factors. Inflation of 4.62% in 2023 and high family debt directly affect the ability to pay monthly fees. “Online betting has contributed to debt, impacting students’ budgets”said Capelato.
