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Report: 2.8% of American Academy of Art students repaying loans are in default

Schools

By Local Labs News Service | Dec 11, 2018

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Out of 141 American Academy of Art students repaying loans in 2015, 4 were in default, according to the latest disclosure from the U.S. Department of Education.

That gives the four-year proprietary school in Chicago a default rate of 2.8 percent for that year – 1.5 percentage points lower than in 2014 and 0.7 points lower than in 2013.

American Academy of Art had 3 fewer students in default in 2015 than in 2014 and 2 fewer than in 2013.

How many students are in default at American Academy of Art?
Year
School enrollment
Total students in default
2015
427
4
2014
465
7
2013
496
6

American Academy of Art default rates by year
Year
Students in default
Students in repayment
Default rate
2015
4
141
2.8
2014
7
160
4.3
2013
6
171
3.5

Source for all tables: U.S. Department of Education

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American Academy of Art

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