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Tuesday, November 5, 2024

Report: 8.3% of First Institute students repaying loans are in default

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Out of 203 First Institute students repaying loans in 2015, 17 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 8.3 percent for that year – 0.7 percentage points lower than in 2014 and 2.5 points lower than in 2013.

First Institute had 1 more student in default in 2015 than in 2014 and 3 fewer than in 2013.

How many students are in default at First Institute?
Year
School enrollment
Total students in default
2015
439
17
2014
409
16
2013
439
20

First Institute default rates by year
Year
Students in default
Students in repayment
Default rate
2015
17
203
8.3
2014
16
176
9.0
2013
20
185
10.8

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

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