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Saturday, November 23, 2024

Report: 4.9% of Olivet Nazarene University students repaying loans are in default

College1

Out of 1,458 Olivet Nazarene University students repaying loans in 2015, 72 were in default, according to the latest disclosure from the U.S. Department of Education.

That gives the four-year private school in Bourbonnais a default rate of 4.9 percent for that year – 0.9 percentage points higher than in 2014 and 1.2 points higher than in 2013.

Olivet Nazarene University had 11 more students in default in 2015 than in 2014 and 22 more than in 2013.

How many students are in default at Olivet Nazarene University?
Year
School enrollment
Total students in default
2015
6,199
72
2014
5,963
61
2013
5,589
50

Olivet Nazarene University default rates by year
Year
Students in default
Students in repayment
Default rate
2015
72
1,458
4.9
2014
61
1,522
4.0
2013
50
1,318
3.7

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

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