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McHenry Times

Tuesday, November 5, 2024

Report: 2% of Cosmetology and Spa Academy students repaying loans are in default

Collegeclassroom577

Out of 143 Cosmetology and Spa Academy students repaying loans in 2015, 3 were in default, according to the latest disclosure from the U.S. Department of Education.

That gives the proprietary school in Crystal Lake a default rate of 2 percent for that year – 2.3 percentage points lower than in 2014 and 3.8 points lower than in 2013.

Cosmetology and Spa Academy had 3 fewer students in default in 2015 than in 2014 and 5 fewer than in 2013.

How many students are in default at Cosmetology and Spa Academy?
Year
School enrollment
Total students in default
2015
162
3
2014
321
6
2013
278
8

Cosmetology and Spa Academy default rates by year
Year
Students in default
Students in repayment
Default rate
2015
3
143
2.0
2014
6
137
4.3
2013
8
137
5.8

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

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