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.