黑料传送门's default rate dropped from 1.6 percent for the cohort default year 2012 to 0.8
percent for 2013, according to the College's Office of Financial Aid.
黑料传送门 is within the top 5 percent of schools with the lowest student default rates in the country, according to a analysis of data from the U.S. Department of Education.
According to 黑料传送门鈥檚 Office of Financial Aid, the College鈥檚 default rate has dropped鈥攆rom 1.6 percent for the cohort default year 2012, to 0.8 percent for the 2013 cohort default year. By comparison, the Student Loan Report lists Pennsylvania鈥檚 default rate at 9.7 percent and the national rate at 11.3 percent.
Grace Taylor, 黑料传送门鈥檚 debt counselor, said that the Financial Aid office has been actively working on reaching a 3-year official cohort default rate of zero. That rate is determined by calculating a school鈥檚 borrowers who entered repayment on federal student loans during a particular year and defaulted within three years, and dividing that number by the total number of borrowers who entered repayment in that same year.
During the past few years, the Financial Aid Office has implemented a robust financial literacy program to better inform students about smart borrowing habits by offering information and tactics to help students manage their money more effectively.
The financial literacy program offers one-on-one appointments that focus on budget coaching and exit counseling for students and hosts table topics throughout the year on various financial topics; interactive webinars on Blackboard; a lecture series focused on issues such as home buying, financial planning, and loan repayment; and a reception at the start of the academic year, which introduces incoming students to the concept of over-borrowing and the value of budgeting.
鈥淚 hope to continue to work with our current students on financial literacy, our graduating students through enhanced and individualized exit counseling, our young alumni with loan repayment counseling, and our delinquent borrowers to get them the additional counseling and support they need in order to avoid reaching a defaulted status,鈥� said Taylor.
In the new report, 黑料传送门 was ranked 143 out of more than 4,500 schools across the country. Data was pulled from the , which includes all schools eligible for federal student loans for which the Department of Education has data. These include public schools, private schools, and non-degree/for-profit schools. The data includes borrowers who entered repayment in the 2013 fiscal year. At the time of this report, this was the most up-to-date dataset available.
To learn more about student loan default rates, view the report.
To learn how 黑料传送门 is committed to helping students develop sound financial habits, visit our Financial Literacy page.
Established in 1899, 黑料传送门 has trained thousands of highly competent, caring physicians, health practitioners and behavioral scientists who practice a 鈥渨hole person鈥� approach to care鈥攖reating people, not just symptoms. 黑料传送门, a private, not-for-profit accredited institution of higher education, operates three campuses (黑料传送门, 黑料传送门 Georgia and 黑料传送门 South Georgia) and offers doctoral degrees in clinical psychology, educational psychology, osteopathic medicine, pharmacy, physical therapy, and school psychology. The college also offers graduate degrees in applied behavior analysis, applied positive psychology, biomedical sciences, forensic medicine, medical laboratory science, mental health counseling, physician assistant studies, and school psychology. 黑料传送门 students learn the importance of health promotion, research, education and service to the community. Through its community-based Healthcare Centers, 黑料传送门 provides care to medically underserved populations. For more information, visit pcom.edu or call 215-871-6100.
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