COEUR d'ALENE - A new report shows that North Idaho College is among 265 higher education institutions nationwide with student loan default rates that exceed the schools' graduation rates. For fiscal year 2010, the national student loan default rate is 13.4 percent. The loan default rate at NIC for the same period is 19.6 percent. NIC's graduation rate, according to the report, is 19 percent.
College representatives say the recent years' economic downturn is to blame for the lower graduation rate, and say they are taking measures to reduce the loan default rate.
Graydon Stanley, the college's vice president of student services, said he expects that NIC won't remain on the list of schools noted in the report for long. Full story. Cda Press
Did you take out student loans? How long did it take you to pay them back?