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Thursday, November 21, 2024

Report: 15% of Midwest Technical Institute students repaying loans are in default

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Out of 2,499 Midwest Technical Institute students repaying loans in 2015, 376 were in default, according to the latest disclosure from the U.S. Department of Education.

That gives the proprietary school in Springfield a default rate of 15 percent for that year – 1 percentage points lower than in 2014 and 2.4 points lower than in 2013.

Midwest Technical Institute had 35 fewer students in default in 2015 than in 2014 and 14 more than in 2013.

How many students are in default at Midwest Technical Institute?
Year
School enrollment
Total students in default
2015
4,850
376
2014
4,433
411
2013
3,552
362

Midwest Technical Institute default rates by year
Year
Students in default
Students in repayment
Default rate
2015
376
2,499
15.0
2014
411
2,555
16.0
2013
362
2,074
17.4

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

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