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Thursday, November 21, 2024

Report: 14.7% of Illinois Institute of Art students repaying loans are in default

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Out of 2,998 Illinois Institute of Art students repaying loans in 2015, 441 were in default, according to the latest disclosure from the U.S. Department of Education.

That gives the four-year proprietary school in Chicago a default rate of 14.7 percent for that year – 0.5 percentage points lower than in 2014 and 0.7 points lower than in 2013.

Illinois Institute of Art had 38 fewer students in default in 2015 than in 2014 and 68 fewer than in 2013.

How many students are in default at Illinois Institute of Art?
Year
School enrollment
Total students in default
2015
7,214
441
2014
7,771
479
2013
8,644
509

Illinois Institute of Art default rates by year
Year
Students in default
Students in repayment
Default rate
2015
441
2,998
14.7
2014
479
3,147
15.2
2013
509
3,295
15.4

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

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