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Maryland State Wire

Thursday, November 7, 2024

Maryland private colleges, universities report 3.4 percent default rate on student loans

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At Capitol Technology University in Laurel, 10.9 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 publicly controlled 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, 14 institutions based in Maryland had 9,566 borrowers in repayment in the 2014 cohort. And 324 of them were in default – a default rate of 3.39 percent, which is below the national rate of 11.5 percent.

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Default rate

School CityBorrowers in defaultBorrowers in repaymentDefault rate (%)
Capitol Technology UniversityLaurel1816510.9
Washington Adventist UniversityTakoma Park404468.9
Stevenson UniversityStevenson6810526.4
Hood CollegeFrederick305025.9
Notre Dame Of Maryland UniversityBaltimore295315.4
Washington CollegeChestertown143024.6
Goucher CollegeBaltimore194484.2
Mount Saint Mary'S UniversityEmmitsburg205193.8
Mcdaniel CollegeWestminster135332.4
Maryland Institute College Of ArtBaltimore125272.2
Maryland University Of Integrative HealthLaurel41802.2
Loyola University MarylandBaltimore2311252.0
Johns Hopkins UniversityBaltimore3331051.0
St. John's CollegeAnnapolis11310.7
Source: U.S. Department of Education

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