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Private colleges in Illinois report 4.5 percent of borrowers defaulted on student loans


By LGIS Newsfeed | Jun 25, 2018

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Three colleges in Chicago had the highest default rates among private colleges in Illinois, reporting more than 20 percent of borrowers who started repaying student loans in 2014 defaulted on those loans by the end of 2016, according to a Higher Education Tribune analysis of the latest disclosure from the U.S. Department of Education.

The analysis uses data that tracks borrowers at publicly controlled colleges and universities receiving federal student aid. The 2014 cohort accounts for borrowers who entered repayment on selected federal loans in the given fiscal year and defaulted before the end of the second fiscal year.   

Out of 58,634 borrowers in repayment from 75 institutions based in Illinois, 2,614 of them were in default – a default rate of 4.46 percent, which is below the national rate of 11.5 percent.


Default rate

School CityBorrowers in defaultBorrowers in repaymentDefault rate (%)
East-West UniversityChicago13855025.0
Maccormac CollegeChicago229523.1
National Latino Education InstituteChicago73420.5
Macmurray CollegeJacksonville2821912.7
Morrison Institute Of TechnologyMorrison54411.3
Spertus College Of JudaicaChicago54610.8
Blackburn UniversityCarlinville171809.4
Columbia College ChicagoChicago31833679.4
Lincoln CollegeLincoln546188.7
Eureka CollegeEureka222618.4
Rockford UniversityRockford384628.2
Graham Hospital School Of NursingCanton6787.6
Trinity International UniversityDeerfield557347.4
Vandercook College Of MusicChicago3417.3
Blessing HospitalQuincy6837.2
Garrett - Evangelical Theological SeminaryEvanston5736.8
Quincy UniversityQuincy355386.5
School Of The Art Institute Of ChicagoChicago487796.1
Lake Forest CollegeLake Forest223675.9
Mckendree UniversityLebanon437255.9
North Park UniversityChicago549015.9
Roosevelt UniversityChicago14023505.9
Lincoln Christian UniversityLincoln172955.7
Benedictine UniversityLisle10819545.5
Millikin UniversityDecatur417385.5
Monmouth CollegeMonmouth234175.5
Institute For Clinical Social WorkChicago2375.4
Trinity Christian CollegePalos Heights264815.4
Saint Xavier UniversityChicago7413885.3
Chicago Ort Technical InstituteSkokie4785.1
Trinity College Of Nursing & Health SciencesRock Island4834.8
National University Of Health Sciences (The)Lombard122514.7
North Central CollegeNaperville408514.7
Robert Morris University IllinoisChicago9018874.7
Lewis UniversityRomeoville8217544.6
Dominican UniversityRiver Forest439374.5
Aurora UniversityAurora6815144.4
Illinois CollegeJacksonville122684.4
Greenville UniversityGreenville225154.2
Judson UniversityElgin184384.1
Olivet Nazarene UniversityBourbonnais6115224.0
Concordia UniversityRiver Forest7619663.8
Depaul UniversityChicago24764223.8
Methodist CollegePeoria82103.8
National Louis UniversityChicago7620693.6
St. John'S College Of NursingSpringfield2603.3
Elmhurst CollegeElmhurst298843.2
Lakeview College Of NursingDanville41283.1
Lutheran School Of Theology At ChicagoChicago1323.1
Loyola University ChicagoChicago12040252.9
Augustana CollegeRock Island165832.7
Bradley UniversityPeoria3612922.7
Illinois Institute Of TechnologyChicago2810012.7
University Of St. FrancisJoliet259062.7
Saint Francis Medical Center College Of NursingPeoria41592.5
Catholic Theological Union At ChicagoChicago1472.1
Knox CollegeGalesburg62892.0
Rosalind Franklin University Of Medicine And ScienceNorth Chicago105031.9
Adler UniversityChicago52681.8
Illinois Wesleyan UniversityBloomington84251.8
Mccormick Theological SeminaryChicago1551.8
Meadville Theological School Of Lombard CollegeChicago1571.7
Lake Forest Graduate School Of ManagementLake Forest21181.6
Resurrection UniversityChicago31921.5
University Of Chicago (The)Chicago2920991.3
Wheaton CollegeWheaton75521.2
Northwestern UniversityEvanston3633371.0
John Marshall Law School (The)Chicago44800.8
Rush UniversityChicago56480.7
Illinois College Of OptometryChicago11470.6
Midwestern UniversityDowners Grove514620.3
Chicago Theological SeminaryChicago0420.0
Erikson InstituteChicago0830.0
Hebrew Theological CollegeSkokie0350.0
Saint Anthony College Of NursingRockford01050.0
Source: U.S. Department of Education

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