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Chicago City Wire

Friday, November 22, 2024

Report: 19.8% of MacCormac College students repaying loans are in default

Collegeclassroom03

Out of 131 MacCormac College students repaying loans in 2015, 26 were in default, according to the latest disclosure from the U.S. Department of Education.

That gives the two-year private school in Chicago a default rate of 19.8 percent for that year – 3.3 percentage points lower than in 2014 and 7.9 points higher than in 2013.

MacCormac College had 4 more students in default in 2015 than in 2014 and 15 more than in 2013.

How many students are in default at MacCormac College?
Year
School enrollment
Total students in default
2015
293
26
2014
258
22
2013
249
11

MacCormac College default rates by year
Year
Students in default
Students in repayment
Default rate
2015
26
131
19.8
2014
22
95
23.1
2013
11
92
11.9

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

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