Student Default Rates

LIM College’s student loan default rate has historically been significantly lower than the national average.

Trend in Three-Year Cohort Default Rate

  FY2018 FY2019 FY2020
LIM College 5.4% 2.2% 0%
Total Students in Repayment 569 585 0
Students in Default 31 13 0
Public 7.0% 2.3% 0%
Private 5.2% 1.7% 0%
Proprietary 11.2% 3.1% 0%
National Average 7.3% 2.3% 0%


*Data on the 3-year cohort default rate are from the U.S. Department of Education Default Prevention and Management website. The 3-year rate was officially adopted beginning with the 2009 cohort. A 3-year cohort default rate is the percentage of a school’s borrowers who enter repayment on certain federal loans during a federal fiscal year (FY) and defaulted or met other specified conditions prior to the end of the second following fiscal year. The national average includes all institutions reporting a 3-year cohort default rate. Cohort default rates are calculated for all borrowers who enter repayment during the given fiscal year, including both undergraduate and graduate students.