1998 Ontario Student Loans Default Rates

Institutional Analysis and Planning




1998 Ontario Student Loans Default Rates

The attached statistics have been compiled by the Ministry of Education and Training as part of the OSAP Indicators' project. The 1998 default rates reflect the repayment status of students who were issued Ontario Student Loans in the 1995-96 academic year and completed or exited their studies in 1995-96. Student loan recipients/defaulters are, for the purpose of calculating default rates, assigned to the last institution/program they attended in 1995-96. The status of these loans was assessed as of July, 1998 or about two years after entering into repayment. An Ontario Student Loan is in default when the Ontario government has paid a bank's claim for an inactive loan. A loan is inactive when no payments were made by the student for at least 90 days. Default rates are calculated on the basis of incidence (i.e., the number of loans in default is expressed as a percentage of the number of loans issued). Default information has not been shown in instances where the number of loans issued to students in a particular program is four or less.  

Program Brock University System
Education 5.0% 4.4%
Business & Commerce 7.5% 8.7%
Fine Arts 12.9% 20.4%
Physical Education 8.1% 8.4%
Social Sciences 13.6% 14.7%
Humanities 10.5% 15.4%
Other Arts/Sciences 23.6% 19.9%
Agriculture/Biological Sciences 8.6% 7.9%
Computer Science 13.8% 8.9%
Mathematics 0.0% 8.5%
Physical Science 5.3% 11.1%
 
Totals 12.5% 12.3%

This table indicates the 1998 default rate for all programs at Brock University is 12.5%. This compares to 12.3% for all programs at Ontario universities.

Table 2 Programs of Study Not Offered

 

Program Default Rate
Dentistry 2.1%
Law 8.0%
Medicine 0.8%
Optometry 0.0%
Pharmacy 0.0%
Vet Medicine 2.3%
Forestry 6.3%
Arch/Landsc Arch 9.1%
Engineering 6.4%
HH Science 11.7%
Journalism 7.8%
Nursing 8.7%
Religion/Theology 16.4%

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