PODCAST: Ranking the Highest Student Loan Default Rates in RI
Monday, November 04, 2013
GoLocalProv News Team
The U.S. Department of Education recently released its annual student loan default data, and while the latest three-year default rate average for Rhode Island students at 12.8% is below the national average of 14.7%, 2,614 Rhode Island students defaulted on their loans from the FY 2010 cohort. Kate Nagle and Ron discuss.
Related Slideshow: SLIDES: Ranking the Highest Student Loan Default Rates in RI
The U.S. Department of Education announced the official FY 2011 two-year and official FY 2010 three-year federal student loan cohort default rates (CDR).
The national two-year cohort default rate rose from 9.1 percent for FY 2010 to 10 percent for FY 2011. The three-year cohort default rate rose from 13.4 percent for FY 2009 to 14.7 percent for FY 2010.
Below are the FY 2010 default rates for all post-secondary schools in Rhode Island listed with the Department of Education, from lowest default rates -- to the highest.
View Larger +
Prev
Next
# 19 Newport Hairdressing
FY 2010 Default Rate: 0
No. in Default: 0
No. in Repay: 12
Enrollment figures: 87
* Newport School of Hairdressing
View Larger +
Prev
Next
# 18 Brown University
FY 2010 Default Rate: 2%
No. in Default: 16
No. in Repay: 770
Enrollment figures: 8877
View Larger +
Prev
Next
#17 Providence College
FY 2010 Default Rate: 2.2%
No. in Default: 17
No. in Repay: 772
Enrollment figures: 5912
View Larger +
Prev
Next
#16 Bryant University
FY 2010 Default rate: 3.4%
No. in Default: 26
No. in Repay: 759
Enrollment figures: 4118
View Larger +
Prev
Next
#15 New England Tech
FY 2010 Default Rate: 3.8%
No. in Default: 63
No. in Repay: 1650
Enrollment figures: 4247
* New England Institute of Technology
View Larger +
Prev
Next
#14 RISD
FY 2010 Default Rate: 4.2%
No. in Default: 18
No. in Repay: 421
Enrollment figures: 2605
* Rhode Island School of Design
View Larger +
Prev
Next
#13 Roger Williams
FY 2010 Default Rate: 5.2%
No. in Default: 60
No. in Repay
Enrollment figures: 5433
* Roger Williams University
View Larger +
Prev
Next
#12 Salve Regina
FY 2010 Default Rate: 5.6%
No. in Default: 30
No. in Repay: 530
Enrollment figures: 3098
View Larger +
Prev
Next
#11 St. Joseph - Nursing
FY 2010 Default Rate: 6%
No. in Default: 2
No. in Repay: 33
Enrollment figures: 114
* St. Joseph School of Nursing
View Larger +
Prev
Next
#10 URI
FY 2010 Default Rate: 6.9%
No. in Default: 182
No. in Repay: 2626
Enrollment figures: 19200
* University of Rhode Island
View Larger +
Prev
Next
#9 IYRS
FY 2010 Default Rate: 7.1%
No. in Default: 1
No. in Repay: 14
Enrollment figures: 47
* International Yacht Restoration School
View Larger +
Prev
Next
#8 RIC
FY 2010 Default Rate: 9%
No. in Default: 137
No. in Repay: 1511
Enrollment figures: 10976
* Rhode Island College
View Larger +
Prev
Next
#7 Empire Beauty-Warwick
FY 2010 Default Rate: 13.6%
No. in Default: 16
No. in Repay: 117
Enrollment figures: 261
* Empire Beauty School, Warwick Campus
View Larger +
Prev
Next
#6 Johnson and Wales
FY 2010 Default Rate: 14.6%
No. in Default: 713
No. in Repay: 4873
Enrollment figures: 18,659
View Larger +
Prev
Next
#5 CCRI
FY 2010 Default Rate: 14.7%
No. in Default: 141
No. in Repay: 954
Enrollment figures: 24352
* Community College of Rhode Island
View Larger +
Prev
Next
#4 NETTS
FY 2010 Default Rate: 18%
No. in Default: 100
No. in Repay: 553
Enrollment figures: 1046
* New England Tractor Trailer School
View Larger +
Prev
Next
#3 Empire Beauty-Prov.
FY 2010 Default Rate: 19%
No. in Default: 33
No. in Repay: 173
Enrollment figures: 332
* Empire Beauty School, Providence Campus
View Larger +
Prev
Next
#2 Toni & Guy
FY 2010 Default Rate: 22.2%
No. in Default: 2
No. in Repay: 9
Enrollment figure: 0
* Toni and Guy Hairdressing School
View Larger +
Prev
Next
#1 Lincoln Tech.
FY 2010 Default Rate: 32.6%
No. in Default: 1228
No. in Repay: 3765
Enrollment figures: 4730
* Lincoln Technical Institute
Related Articles
Enjoy this post? Share it with others.