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Friday, May 3, 2024

Report: 16.6% of Midwestern Career College students repaying loans are in default

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Out of 258 Midwestern Career College students repaying loans in 2015, 43 were in default, according to the latest disclosure from the U.S. Department of Education.

That gives the two-year proprietary school in Chicago a default rate of 16.6 percent for that year – 2.1 percentage points higher than in 2014 and 9.4 points higher than in 2013.

Midwestern Career College had 13 more students in default in 2015 than in 2014 and 35 more than in 2013.

How many students are in default at Midwestern Career College?
Year
School enrollment
Total students in default
2015
317
43
2014
300
30
2013
251
8

Midwestern Career College default rates by year
Year
Students in default
Students in repayment
Default rate
2015
43
258
16.6
2014
30
206
14.5
2013
8
111
7.2

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

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