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Chicago City Wire

Wednesday, May 21, 2025

Report: 2.7% of Illinois Institute of Technology students repaying loans are in default

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Out of 1,027 Illinois Institute of Technology students repaying loans in 2015, 28 were in default, according to the latest disclosure from the U.S. Department of Education.

That gives the four-year private school in Chicago a default rate of 2.7 percent for that year – 0 percentage points lower than in 2014 and 0.6 points higher than in 2013.

Illinois Institute of Technology had 0 fewer student in default in 2015 than in 2014 and 4 more than in 2013.

How many students are in default at Illinois Institute of Technology?
Year
School enrollment
Total students in default
2015
8,852
28
2014
8,678
28
2013
8,673
24

Illinois Institute of Technology default rates by year
Year
Students in default
Students in repayment
Default rate
2015
28
1,027
2.7
2014
28
1,001
2.7
2013
24
1,126
2.1

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

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