EDUCRAT FAIL: Education Department Admits Errors in Draft Version of 3-Year Default Rates. Shockingly, the “error” inflated the relative default rate of for-profit vs. non-profit schools.

UPDATE: Reader William A. Taylor says I’m wrong:

Calculating, the Department of “Education” overstated the default rate for-profit colleges by 11.6% (=2.6%/22.4%), the private non-profits by 13.4% and the publics by 11.3%. If anything, the initial publication of these bogus statistics are an indictment of incompetence on the part of the DoEd rather than a bias against for-profits. I make this claim because the errors are similar across all higher-education-delivery paradigms. In fact, I think your comment is factually incorrect. “Relatively” (your term), the error inflation was worse for the privates.

I think he’s right.