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Galesburg Reporter

Friday, April 19, 2024

Report: 3.1% of Knox College students repaying loans are in default

Collegeclassroom01

Out of 346 Knox College students repaying loans in 2015, 11 were in default, according to the latest disclosure from the U.S. Department of Education.

That gives the four-year private school in Galesburg a default rate of 3.1 percent for that year – 1.1 percentage points higher than in 2014 and 0.6 points higher than in 2013.

Knox College had 5 more students in default in 2015 than in 2014 and 3 more than in 2013.

How many students are in default at Knox College?
Year
School enrollment
Total students in default
2015
1,455
11
2014
1,458
6
2013
1,457
8

Knox College default rates by year
Year
Students in default
Students in repayment
Default rate
2015
11
346
3.1
2014
6
289
2.0
2013
8
313
2.5

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

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