You are here: Home>Collections

White House: Columbia, Loyola students have highest monthly student loans in Chicago

February 15, 2013|By Mick Swasko, @mickswasko | RedEye

Students at Columbia College and Loyola University pay the most per month to keep up with their student loan debt, according to a new White House website.

The College Scorecard, released on the White House’s website earlier this week, reports vital data about colleges and universities nationally, including costs, graduation rates and the average rate of students who are unable to pay off loans after graduation.

According to the site, Columbia College has the highest median borrowing rate in the Chicago-area, with students paying $302 per month over 10 years in federal student loans. DePaul ranks second at $283, followed by Loyola at $276. Columbia has an 11.4 percent rate of students who default on student loans within three years, with 4.4 percent and 5.7 percent of students at DePaul and Loyola defaulting respectively.

DeVry University tops the list of schools with the highest default rate with 24.1 percent of students defaulting on loans within three years. On the low end, the Moody Bible Institute has a zero percent default rate, and Northwestern sits at 1.8 percent.

A full list of data and comparisons can be found at the White House’s website. 

 Want more? Discuss this article and others on RedEye's Facebook page

RedEye Chicago Articles
|
|
|