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Chicago City Wire

Tuesday, April 23, 2024

Report: 13.1% of Vandercook College of Music students repaying loans are in default

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Out of 38 Vandercook College of Music students repaying loans in 2015, 5 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 13.1 percent for that year – 5.8 percentage points higher than in 2014 and 7.1 points higher than in 2013.

Vandercook College of Music had 2 more students in default in 2015 than in 2014 and 2 more than in 2013.

How many students are in default at Vandercook College of Music?
Year
School enrollment
Total students in default
2015
1,251
5
2014
1,045
3
2013
1,282
3

Vandercook College of Music default rates by year
Year
Students in default
Students in repayment
Default rate
2015
5
38
13.1
2014
3
41
7.3
2013
3
50
6.0

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

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