Chart: Three-Year Default Rates on Student Loans

December 16, 2009, 10:15 am

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<h1>Chart: Three-Year Default Rates on Student Loans</h1>

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<h2>Chart: Three Year Default Rates on Student Loans</h2>
<p><b>by <a href="http://www.propublica.org/site/author/sharona_coutts">Sharona Coutts</a> — December 16, 2009</b></p>
<p>Earlier this week, the Department of Education made public the rates at which students are defaulting on their loans three years after graduation, reporting that students at the larger for-profits were defaulting at a rate of around 20 percent. Those are similar to levels, last seen during the early 1990’s, that prompted the last major changes in how government regulates the industry. </p>
<p><a href="#"><b>Read the related story.</b></p>
<table>
<thead>
<tr>
<td>Two-Year Cohort Default Rate</td>
<td>Trial Three-Year Cohort Default Rate</td>
</tr>
<tr>
<th>Name</th>
<th>City</th>
<th>State</th>
<th>Type & Control</th>
<th>Enrollment</th>
<th>Number Entered Into Default</th>
<th>Number Entered Into Repayment</th>
<th>2 Year Default Rate</th>
<th>Number Entered Into Default</th>
<th>Number Entered Into Repayment</th>
<th>3 Year Default Rate</th>
</tr>
</thead>
<tbody>
<tr>
<td>University of Phoenix</td>
<td>Phoenix</td>
<td>AZ</td>
<td>Proprietary</td>
<td>369,123 </td>
<td>9,941 </td>
<td>106,702 </td>
<td>9.3</td>
<td>17,016 </td>
<td>106,594 </td>
<td>15.9%</td>
</tr>
<tr>
<td>American InterContinental University</td>
<td>Hoffman Estates</td>
<td>IL</td>
<td>Proprietary</td>
<td>1,987 </td>
<td>2,616 </td>
<td>24,792 </td>
<td>10.5</td>
<td>4,879 </td>
<td>24,737 </td>
<td>19.7%</td>
</tr>
<tr>
<td>DeVry University</td>
<td>Chicago</td>
<td>IL</td>
<td>Proprietary</td>
<td>31,275 </td>
<td>2,201 </td>
<td>24,403 </td>
<td>9.0</td>
<td>4,028 </td>
<td>23,487 </td>
<td>17.1%</td>
</tr>
<tr>
<td>Western International University</td>
<td>Phoenix</td>
<td>AZ</td>
<td>Proprietary</td>
<td>25,951 </td>
<td>4,017 </td>
<td>21,706 </td>
<td>18.5</td>
<td>5,757 </td>
<td>21,696 </td>
<td>26.5%</td>
</tr>
<tr>
<td>Kaplan University</td>
<td>Davenport</td>
<td>IA</td>
<td>Proprietary</td>
<td>53,212 </td>
<td>2,676 </td>
<td>19,991 </td>
<td>13.3</td>
<td>4,054 </td>
<td>17,428 </td>
<td>23.2%</td>
</tr>
<tr>
<td>Pennsylvania State University (The)</td>
<td>University Park</td>
<td>PA</td>
<td>Public 4 Year</td>
<td>46,776 </td>
<td>483 </td>
<td>13,694 </td>
<td>3.5</td>
<td>726 </td>
<td>13,669 </td>
<td>5.3%</td>
</tr>
<tr>
<td>Baker College</td>
<td>Flint</td>
<td>MI</td>
<td>Private 4 year</td>
<td>8,159 </td>
<td>982 </td>
<td>12,906 </td>
<td>7.6</td>
<td>2,593 </td>
<td>12,914 </td>
<td>20.0%</td>
</tr>
<tr>
<td>Colorado Technical University</td>
<td>Colorado Springs</td>
<td>CO</td>
<td>Proprietary</td>
<td>3,598 </td>
<td>1,411 </td>
<td>12,842 </td>
<td>10.9</td>
<td>2,871 </td>
<td>12,834 </td>
<td>22.3%</td>
</tr>
<tr>
<td>Ohio State University (The)</td>
<td>Columbus</td>
<td>OH</td>
<td>Public 4 Year</td>
<td>60,466 </td>
<td>322 </td>
<td>11,357 </td>
<td>2.8</td>
<td>626 </td>
<td>11,357 </td>
<td>5.5%</td>
</tr>
<tr>
<td>Strayer University</td>
<td>Washington</td>
<td>DC</td>
<td>Proprietary</td>
<td>47,138 </td>
<td>647 </td>
<td>10,692 </td>
<td>6.0</td>
<td>1,388 </td>
<td>10,673 </td>
<td>13.0%</td>
</tr>
</tbody>
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Chart: Three Year Default Rates on Student Loans

by Sharona Coutts — December 16, 2009

Earlier this week, the Department of Education made public the rates at which students are defaulting on their loans three years after graduation, reporting that students at the larger for-profits were defaulting at a rate of around 20 percent. Those are similar to levels, last seen during the early 1990’s, that prompted the last major changes in how government regulates the industry.

Read the related story.

Name	City	State	Type & Control	Enrollment	Number Entered Into Default	Number Entered Into Repayment	2 Year Default Rate	Number Entered Into Default	Number Entered Into Repayment	3 Year Default Rate
Two-Year Cohort Default Rate			Trial Three-Year Cohort Default Rate
University of Phoenix	Phoenix	AZ	Proprietary	369,123	9,941	106,702	9.3	17,016	106,594	15.9%
American InterContinental University	Hoffman Estates	IL	Proprietary	1,987	2,616	24,792	10.5	4,879	24,737	19.7%
DeVry University	Chicago	IL	Proprietary	31,275	2,201	24,403	9.0	4,028	23,487	17.1%
Western International University	Phoenix	AZ	Proprietary	25,951	4,017	21,706	18.5	5,757	21,696	26.5%
Kaplan University	Davenport	IA	Proprietary	53,212	2,676	19,991	13.3	4,054	17,428	23.2%
Pennsylvania State University (The)	University Park	PA	Public 4 Year	46,776	483	13,694	3.5	726	13,669	5.3%
Baker College	Flint	MI	Private 4 year	8,159	982	12,906	7.6	2,593	12,914	20.0%
Colorado Technical University	Colorado Springs	CO	Proprietary	3,598	1,411	12,842	10.9	2,871	12,834	22.3%
Ohio State University (The)	Columbus	OH	Public 4 Year	60,466	322	11,357	2.8	626	11,357	5.5%
Strayer University	Washington	DC	Proprietary	47,138	647	10,692	6.0	1,388	10,673	13.0%

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