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Galesburg Reporter

Tuesday, April 23, 2024

Report: 9.6% of Monmouth College students repaying loans are in default

Collegeclassroom01

Out of 434 Monmouth College students repaying loans in 2015, 42 were in default, according to the latest disclosure from the U.S. Department of Education.

That gives the four-year private school in Monmouth a default rate of 9.6 percent for that year – 4.1 percentage points higher than in 2014 and 0.9 points higher than in 2013.

Monmouth College had 19 more students in default in 2015 than in 2014 and 7 more than in 2013.

How many students are in default at Monmouth College?
Year
School enrollment
Total students in default
2015
1,297
42
2014
1,263
23
2013
1,361
35

Monmouth College default rates by year
Year
Students in default
Students in repayment
Default rate
2015
42
434
9.6
2014
23
417
5.5
2013
35
402
8.7

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

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