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Friday, April 19, 2024

Report: 5.6% of School of the Art Institute of Chicago students repaying loans are in default

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Out of 703 School of the Art Institute of Chicago students repaying loans in 2015, 40 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 5.6 percent for that year – 0.5 percentage points lower than in 2014 and 1.8 points lower than in 2013.

School of the Art Institute of Chicago had 8 fewer students in default in 2015 than in 2014 and 18 fewer than in 2013.

How many students are in default at School of the Art Institute of Chicago?
Year
School enrollment
Total students in default
2015
3,836
40
2014
3,594
48
2013
3,626
58

School of the Art Institute of Chicago default rates by year
Year
Students in default
Students in repayment
Default rate
2015
40
703
5.6
2014
48
779
6.1
2013
58
780
7.4

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

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