• August 1, 2014

Institutions With 3-Year Default Rates of 30 Percent or Higher

Comments

1. cottontails - February 04, 2011 at 09:44 am

This table needs some clarification. For instance, it looks like the 3-year default rate of 100% for Baltimore City Community College must be based on very few borrowers, all of whom defaulted. Is that correct? Coupling the 2008-2009 borrower and enrollment figures with the default rates seems to be misleading.

2. tcsmithgeol - February 04, 2011 at 11:02 am

The Baltimore City Community College information is bogus. There are ZERO borrowers; thus, division by zero yields an infinite percentage. Realistically, though, because nobody borrowed anything, nobody has defaulted, and the real default rate is zero.

3. aicadbb - February 04, 2011 at 01:18 pm

What stands out most on this list, for me, is the 5 institutions that have more than 5 campuses above 30%: Everest (18 campuses); Heritage (5); ITT (13); Kaplan (6); and Lincoln (5). These 5 institutions account for 25% of the entire list. Two of them, Everest and ITT, account for 16% of all the campuses. This is crazy. Bill

4. glenthomas - February 04, 2011 at 05:45 pm

I would surmise that the Baltimore City CC data are just plain wrong. I cannot imagine they have zero borrowers in the federal loan program, period. So how good are the rest of the reported data?

5. chroniclejap - February 04, 2011 at 08:28 pm

The question from glenthomas about how good are the rest of the data is exactly why schools are given the opportunity to appeal or contest the numbers/borrowers/percentages before sanctions are taken against them.

6. notusip - February 05, 2011 at 08:45 am

According to its website, Baltimore City CC does not participate in the federal loan program. In addition,its tuition is $88/credit hour for MD residents, making it affordable for many of its students without additional help. Many scholarships and other loan programs appear to be available.

Add Your Comment

Commenting is closed.

subscribe today

Get the insight you need for success in academe.