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Maryland State Wire

Thursday, November 7, 2024

Maryland colleges, universities report 9.8 percent default rate on student loans

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At Brightwood College, which has multiple sites, including several in Maryland, 29.1 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, 67 public institutions had 68,868 borrowers in repayment in the 2014 cohort. And 6,733 of them were in default – a default rate of 9.8 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
Brightwood CollegeMultiple locations60417629.1
Aspen Beauty Academy - LaurelLaurel511325.4
Del-Mar-Va Beauty AcademySalisbury511223.5
Brightwood CollegeEl Paso2926823.2
Garrett CollegeMchenry2465723.1
North American Trade SchoolsBaltimore57613323.0
Holistic Massage Training InstituteBaltimore31722.5
Brightwood CollegeHouston3888622.1
All-State CareerBaltimore1,85240021.5
Baltimore School Of MassageLinthicum51911121.3
Fortis InstituteCookeville2,33649821.3
Aveda Institute MarylandBel Air35720.0
Hagerstown Community CollegeHagerstown1,22523919.5
Blades School Of Hair DesignCalifornia601118.3
Coppin State UniversityBaltimore1,06319518.3
Allegany College Of MarylandCumberland90016418.2
Cecil CollegeNorth East2334017.1
Prince George'S Community CollegeLargo2,35339316.7
Morgan State UniversityBaltimore2,33438616.5
Community College Of Baltimore CountyBaltimore3,33353516.0
Baltimore Studio Of Hair DesignBaltimore721115.2
University Of Maryland - Eastern ShorePrincess Anne1,29519414.9
Anne Arundel Community CollegeArnold2,06429114.0
Lincoln College Of TechnologyColumbia4466113.6
Wor-Wic Community CollegeSalisbury3244313.2
Frederick Community CollegeFrederick4135312.8
Aesthetics Institute Of CosmetologyGaithersburg901112.2
Bowie State UniversityBowie1,68920612.1
Montgomery CollegeRockville2,37427811.7
College Of Southern MarylandLa Plata7478511.3
Capitol Technology UniversityLaurel1651810.9
Carroll Community CollegeWestminster46510.8
Hair Expressions AcademyRockville1121210.7
Harford Community CollegeBel Air3724010.7
Maryland Beauty Academy Of EssexBaltimore57610.5
Howard Community CollegeColumbia845839.8
Hair Academy IiHillcrest Heights6369.5
Washington Adventist UniversityTakoma Park446408.9
Frostburg State UniversityFrostburg1,3751067.7
University Of Maryland University CollegeAdelphi10,0207047.0
University Of BaltimoreBaltimore1,8731316.9
Stevenson UniversityStevenson1,052686.4
Robert Paul Academy Of Cosmetology Arts & SciencesTimonium5036.0
Hood CollegeFrederick502305.9
Notre Dame Of Maryland UniversityBaltimore531295.4
Temple (The): A Paul Mitchell Partner SchoolFrederick12164.9
University Of Maryland - Baltimore CountyBaltimore2,3641184.9
Washington CollegeChestertown302144.6
L'Academie De CuisineGaithersburg6934.3
Towson UniversityTowson4,2181824.3
Goucher CollegeBaltimore448194.2
Mount Saint Mary'S UniversityLos Angeles519203.8
Award Beauty SchoolHagerstown16063.7
Salisbury UniversitySalisbury1,858653.4
Omega Studios' School Of Applied Recording Arts & SciencesRockville3213.1
Hair AcademyNew Carrollton364102.7
Mcdaniel CollegeWestminster533132.4
University Of Maryland, College ParkCollege Park5,1991262.4
Maryland Institute College Of ArtBaltimore527122.2
Maryland University Of Integrative HealthLaurel18042.2
Loyola University MarylandBaltimore1,125232.0
Frederick School Of CosmetologyFrederick5311.8
Montgomery Beauty SchoolSilver Spring10721.8
University Of Maryland, BaltimoreBaltimore1,650251.5
Saint Mary'S College Of MarylandSaint Marys City29841.3
Johns Hopkins UniversityBaltimore3,105331.0
St. John's CollegeAnnapolis13110.7
Source: U.S. Department of Education

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