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Quincy Reporter

Tuesday, November 5, 2024

Report: 11.7% of Gem City College students repaying loans are in default

Collegeclassroom01

Out of 85 Gem City College students repaying loans in 2015, 10 were in default, according to the latest disclosure from the U.S. Department of Education.

That gives the proprietary school in Quincy a default rate of 11.7 percent for that year – 2.1 percentage points lower than in 2014 and 2.5 points lower than in 2013.

Gem City College had 3 fewer students in default in 2015 than in 2014 and 5 more than in 2013.

How many students are in default at Gem City College?
Year
School enrollment
Total students in default
2015
52
10
2014
65
13
2013
72
5

Gem City College default rates by year
Year
Students in default
Students in repayment
Default rate
2015
10
85
11.7
2014
13
94
13.8
2013
5
35
14.2

Source for all tables: U.S. Department of Education

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