Illinois colleges, universities report 9.6 percent default rate on student loans

At Larry's Barber College in Chicago, 40.3 percent of borrowers who started repaying student loans in 2014 defaulted on those loans by the end of 2016, according to a Higher Education Tribune analysis of the latest disclosure from the U.S. Department of Education.

At Larry's Barber College in Chicago, 40.3 percent of borrowers who started repaying student loans in 2014 defaulted on those loans by the end of 2016, according to a Higher Education Tribune analysis of the latest disclosure from the U.S. Department of Education.

The analysis uses data that tracks borrowers at all colleges and universities receiving federal student aid. The 2014 cohort accounts for borrowers who entered repayment on selected federal loans in the given fiscal year and defaulted before the end of the second fiscal year.   

Altogether, 208 institutions based in Illinois had 202,811 borrowers in repayment in the 2014 cohort. And 19,560 of them were in default – a default rate of 9.64 percent, which is below the national rate of about 11.5 percent.

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Default rate

SchoolCityTotal number of borrowersNumber of borrowers in defaultDefault rate
Larry's Barber CollegeChicago522140.3
Hairmasters Institute Of CosmetologyBloomington441431.8
Taylor Business InstituteChicago1394129.4
Le Cordon Bleu College Of Culinary Arts In ChicagoChicago65318027.5
City Colleges Of Chicago - Kennedy King CollegeChicago1,15830526.3
Olive-Harvey CollegeChicago71218225.5
Parkland CollegeChampaign1,98750625.4
East-West UniversityChicago55013825.0
Tri County Beauty AcademyLitchfield36925.0
Illinois Eastern Community Colleges - Wabash Valley CollegeMount Carmel501224.0
Southwestern Illinois CollegeBelleville2,10050624.0
City Colleges Of Chicago - Malcolm X CollegeChicago62614523.1
Maccormac CollegeChicago952223.1
Kishwaukee CollegeMalta79918423.0
Richland Community CollegeDecatur4159422.6
Tricoci University Of Beauty CultureIndianapolis841922.6
Highland Community CollegeHighland2946421.7
Cortiva Institute - ChicagoChicago3798221.6
Kankakee Community CollegeKankakee60812921.2
Harold Washington CollegeChicago87218020.6
National Latino Education InstituteChicago34720.5
City Colleges Of Chicago Harry S Truman CollegeChicago55911320.2
Lake Land CollegeMattoon60012120.1
Vatterott CollegeDes Moines5179919.1
Prairie State CollegeChicago Heights81715518.9
Coyne CollegeChicago71513218.4
John Wood Community CollegeQuincy55710218.3
Steven Papageorge Hair AcademyChicago711318.3
Wilbur Wright CollegeChicago2785118.3
Lincoln Land Community CollegeSpringfield90716317.9
Northwestern CollegeOrange City1,02918517.9
Black Hawk CollegeMoline59710517.5
American Intercontinental UniversitySchaumburg12,3272,12517.2
Joliet Junior CollegeJoliet1,15519817.1
Illinois Media SchoolLombard2704516.6
College Of Du PageGlen Ellyn3,28754016.4
Carl Sandburg CollegeGalesburg2253616.0
Midwest Technical InstituteSpringfield2,55541116.0
College Of Lake CountyGrayslake86713615.6
Sauk Valley Community CollegeDixon2634115.5
Rock Valley CollegeRockford65210115.4
Illinois Central CollegeEast Peoria1,17218015.3
Lewis And Clark Community CollegeGodfrey6209515.3
Illinois Institute Of Art (The)Chicago3,14747915.2
Danville Area Community CollegeDanville2914415.1
Richard J Daley College-City Colleges Of ChicagoChicago2874214.6
Tricoci University Of Beauty CultureBloomington1161714.6
Midwestern Career CollegeChicago2063014.5
Rend Lake CollegeIna4406414.5
Spoon River CollegeCanton2804014.2
Tricoci University Of Beauty CulturePeoria1051514.2
Morton CollegeCicero2693814.1
Illinois Eastern Community Colleges -Frontier Community CollegeFairfield57814.0
Illinois Eastern Community Colleges - Lincoln Trail CollegeRobinson931313.9
Illinois Valley Community CollegeOglesby3024213.9
Soma Institute - The National School Of Clinical Massage TherapyChicago1932713.9
Gem City CollegeQuincy941313.8
Heartland Community CollegeNormal5807913.6
Mchenry County CollegeCrystal Lake4656313.5
Moraine Valley Community CollegePalos Hills78010313.2
Unity Cosmetology CollegePontiac38513.1
Macmurray CollegeJacksonville2192812.7
Devry UniversityChicago33,4644,21612.5
Eti School Of Skilled TradesWillowbrook3123912.5
Triton CollegeRiver Grove4625712.3
Waubonsee Community CollegeSugar Grove1,06413112.3
Elgin Community CollegeElgin97911912.1
Harrington College Of DesignChicago3133711.8
John Amico School Of Hair DesignOak Forest69811.5
Kendall CollegeChicago7378411.3
Morrison Institute Of TechnologyMorrison44511.3
State Career SchoolWaukegan53611.3
Mr. John'S School Of Cosmetology, Esthetics & NailsDecatur45511.1
Kaskaskia CollegeCentralia3844210.9
Spertus College Of JudaicaChicago46510.8
Chicago State UniversityChicago2,33024610.5
Cannella School Of Hair DesignElgin88910.2
Cannella School Of Hair DesignChicago40410.0
John A. Logan CollegeCarterville1091110.0
Harper CollegePalatine1,2731279.9
La' James International CollegeDavenport7279.7
Southern Illinois University At CarbondaleCarbondale5,0394919.7
Tricoci University Of Beauty CultureBridgeview146149.5
Tricoci University Of Beauty CultureLibertyville6369.5
Blackburn UniversityCarlinville180179.4
Columbia College ChicagoChicago3,3673189.4
Tricoci University Of Beauty CultureRockford106109.4
Paul Mitchell The School BradleyBourbonnais249239.2
Professionals Choice Hair Design AcademyJoliet7679.2
Douglas J Aveda Institute ChicagoChicago154149.0
First InstituteCrystal Lake176169.0
Illinois Eastern Community Colleges - Olney Central CollegeOlney112108.9
Lincoln CollegeLincoln618548.7
Eureka CollegeEureka261228.4
Universal Spa Training AcademyDowners Grove7168.4
Rockford UniversityRockford462388.2
Oakton Community CollegeDes Plaines171148.1
Paul Mitchell The School ChicagoChicago269228.1
Northern Illinois UniversityDekalb5,8024668.0
Graham Hospital School Of NursingCanton7867.6
Western Illinois UniversityMacomb3,4522637.6
Jrenee CollegeElgin5347.5
Capital Area Career CenterSpringfield148117.4
Trinity International UniversityDeerfield734557.4
Vandercook College Of MusicChicago4137.3
Blessing HospitalQuincy8367.2
Northeastern Illinois UniversityChicago1,9811376.9
Garrett - Evangelical Theological SeminaryEvanston7356.8
Southern Illinois University EdwardsvilleEdwardsville3,4502366.8
Pccti HealthcareOak Brook11886.7
Ambria College Of NursingHoffman Estates166116.6
Oehrlein School Of CosmetologyEast Peoria4536.6
Paul Mitchell The School NormalNormal7656.5
Quincy UniversityQuincy538356.5
Cameo Beauty AcademyOak Lawn6246.4
Fox CollegeBedford Park316206.3
G Skin & Beauty InstituteOak Brook220146.3
School Of The Art Institute Of ChicagoChicago779486.1
Innovations Design AcademyCanton6745.9
Lake Forest CollegeLake Forest367225.9
Mckendree UniversityLebanon725435.9
North Park UniversityChicago901545.9
Roosevelt UniversityChicago2,3501405.9
Lincoln Christian UniversityLincoln295175.7
Estelle Medical AcademySkokie12475.6
Tricoci University Of Beauty CultureChicago14285.6
Benedictine UniversityLisle1,9541085.5
Millikin UniversityDecatur738415.5
Monmouth CollegeMonmouth417235.5
Eastern Illinois UniversityCharleston2,8091545.4
Institute For Clinical Social WorkChicago3725.4
Trinity Christian CollegePalos Heights481265.4
Educators Of Beauty College Of CosmetologySterling9355.3
Saint Xavier UniversityChicago1,388745.3
Worsham College Of Mortuary ScienceWheeling7545.3
Hair Professionals Academy Of CosmetologyWest Dundee17295.2
Chicago Ort Technical InstituteSkokie7845.1
Governors State UniversityUniversity Park1,760915.1
Salon Professional Academy (The)Nashville5835.1
Capri Oak Forest Beauty CollegeOak Forest10254.9
Midstate CollegePeoria261134.9
Tribeca Flashpoint CollegeChicago6234.8
Trinity College Of Nursing & Health SciencesRock Island8344.8
University Of Aesthetics & CosmetologyChicago6234.8
National University Of Health Sciences (The)Lombard251124.7
North Central CollegeNaperville851404.7
Robert Morris University IllinoisChicago1,887904.7
Lewis UniversityRomeoville1,754824.6
University Of Illinois At SpringfieldSpringfield1,233574.6
Dominican UniversityRiver Forest937434.5
Aurora UniversityAurora1,514684.4
Illinois CollegeJacksonville268124.4
American Academy Of ArtChicago16074.3
Cosmetology And Spa AcademyCrystal Lake13764.3
Greenville UniversityGreenville515224.2
Judson UniversityElgin438184.1
Olivet Nazarene UniversityBourbonnais1,522614.0
Pivot Point AcademyBloomingdale304123.9
Concordia UniversityMequon1,966763.8
Depaul UniversityChicago6,4222473.8
Methodist CollegePeoria21083.8
Mr. John'S School Of Cosmetology And NailsJacksonville7833.8
Calc, Institute Of TechnologyAlton13553.7
Niles School Of CosmetologyNiles8033.7
Educators Of Beauty College Of CosmetologyPeru11043.6
National Louis UniversityChicago2,069763.6
Hair Professionals Career CollegePalos Hills5623.5
University Of Spa & Cosmetology ArtsSpringfield16763.5
Chamberlain College Of NursingAddison6,1522153.4
St. John'S College Of NursingSpringfield6023.3
Elmhurst CollegeElmhurst884293.2
Lakeview College Of NursingDanville12843.1
Lutheran School Of Theology At ChicagoChicago3213.1
Illinois State UniversityNormal4,5291403.0
Loyola University ChicagoChicago4,0251202.9
Augustana CollegeRock Island583162.7
Bradley UniversityPeoria1,292362.7
Estelle InternationalSkokie7322.7
Illinois Institute Of TechnologyChicago1,001282.7
University Of Aesthetics & Cosmetology (The)Downers Grove3612.7
University Of Illinois At ChicagoChicago5,5871532.7
University Of St. FrancisJoliet906252.7
Beck School Of Practical NursingRed Bud7522.6
Hair Professionals Career CollegeSycamore3912.5
Saint Francis Medical Center College Of NursingPeoria15942.5
Hair Professionals School Of CosmetologyOswego4212.3
Catholic Theological Union At ChicagoChicago4712.1
Knox CollegeGalesburg28962.0
Rosalind Franklin University Of Medicine And ScienceNorth Chicago503101.9
Adler UniversityChicago26851.8
Illinois Wesleyan UniversityBloomington42581.8
Mccormick Theological SeminaryChicago5511.8
Meadville Theological School Of Lombard CollegeChicago5711.7
University Of Illinois At Urbana-ChampaignChampaign6,2581121.7
Lake Forest Graduate School Of ManagementLake Forest11821.6
Resurrection UniversityChicago19231.5
University Of Chicago (The)Chicago2,099291.3
Wheaton CollegeWheaton55271.2
Northwestern UniversityEvanston3,337361.0
John Marshall Law School (The)Chicago48040.8
Rush UniversityChicago64850.7
Illinois College Of OptometryChicago14710.6
Midwestern UniversityDowners Grove1,46250.3
Cannella School Of Hair DesignBlue Island3300.0
Chicago Theological SeminaryChicago4200.0
Erikson InstituteChicago8300.0
Hebrew Theological CollegeSkokie3500.0
Saint Anthony College Of NursingRockford10500.0
Source: U.S. Department of Education

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Organizations in this Story

Aurora University Bradley University Columbia College Chicago DePaul University Illinois State University Kendall College Kishwaukee College Knox College Lincoln Christian University Loyola University Chicago McHenry County College McKendree University Midstate College Millikin University Monmouth College Moraine Valley Community College North Central College Northeastern Illinois University Northern Illinois University Olivet Nazarene University Rock Valley College University of Illinois at Chicago Wheaton College

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