[ruby-on-rails] Rails: How do I create a default value for attributes in Rails activerecord's model?

When I need default values its usually for new records before the new action's view is rendered. The following method will set the default values for only new records so that they are available when rendering forms. before_save and before_create are too late and will not work if you want default values to show up in input fields.

after_initialize do
  if self.new_record?
    # values will be available for new record forms.
    self.status = 'P'
    self.featured = true
  end
end