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Wednesday, May 8, 2024

Report: 15% of Innovations Design Academy students repaying loans are in default

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Out of 40 Innovations Design Academy students repaying loans in 2015, 6 were in default, according to the latest disclosure from the U.S. Department of Education.

That gives the proprietary school in Canton a default rate of 15 percent for that year – 9.1 percentage points higher than in 2014 and 9.7 points higher than in 2013.

Innovations Design Academy had 2 more students in default in 2015 than in 2014 and 3 more than in 2013.

How many students are in default at Innovations Design Academy?
Year
School enrollment
Total students in default
2015
67
6
2014
58
4
2013
45
3

Innovations Design Academy default rates by year
Year
Students in default
Students in repayment
Default rate
2015
6
40
15.0
2014
4
67
5.9
2013
3
56
5.3

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

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