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Peoria Standard

Thursday, April 18, 2024

Report: 5.2% of Midstate College students repaying loans are in default

Collegeclassroom04

Out of 286 Midstate College students repaying loans in 2015, 15 were in default, according to the latest disclosure from the U.S. Department of Education.

That gives the four-year proprietary school in Peoria a default rate of 5.2 percent for that year – 0.3 percentage points higher than in 2014 and 2.6 points lower than in 2013.

Midstate College had 2 more students in default in 2015 than in 2014 and 6 fewer than in 2013.

How many students are in default at Midstate College?
Year
School enrollment
Total students in default
2015
762
15
2014
791
13
2013
867
21

Midstate College default rates by year
Year
Students in default
Students in repayment
Default rate
2015
15
286
5.2
2014
13
261
4.9
2013
21
269
7.8

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

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