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Saturday, January 4, 2025

Report: 3.2% of McCormick Theological Seminary students repaying loans are in default

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Out of 31 McCormick Theological Seminary students repaying loans in 2015, 1 was 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 3.2 percent for that year – 1.4 percentage points higher than in 2014 and 1.7 points higher than in 2013.

McCormick Theological Seminary had 0 fewer student in default in 2015 than in 2014 and 0 fewer than in 2013.

How many students are in default at McCormick Theological Seminary?
Year
School enrollment
Total students in default
2015
222
1
2014
227
1
2013
245
1

McCormick Theological Seminary default rates by year
Year
Students in default
Students in repayment
Default rate
2015
1
31
3.2
2014
1
55
1.8
2013
1
65
1.5

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

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