• September 3, 2015

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


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.

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