Students pay back their student loans when they are able to graduate and put their degrees to work. That means a school’s default rate is a good indicator of the value of their degrees.
The national default rate — 7% for 2008 — a good initial criterion to use as you consider schools. Schools near or below the national average warrant consideration. But when a school’s default rate is above average, be very cautious.
Brandman University’s default rate is 2.3%, one of the lowest in the country. Our students, working adults who depend on our flexible schedules and degree programs, perform better than students at most 4-year colleges and far better than other evening and online universities.
2008 Student loan default rates
Brandman 2.3%
National Average 7.0%
DeVry 10.2%
University of Phoenix 12.9%
Ashford University 13.3%
Kaplan University 17.2%
What’s our secret? We are 100% non-profit. That allows us to focus our resources on one thing: your success. We’ve structured our classes to maximize learning and minimize busy work. Classes meet in the evening and online so you can work full-time and still earn your degree. Plus, we have unsurpassed student support, academic advising and executive coaching to help you succeed in school and beyond.
In fact, over 68% of Brandman students earn their degrees, including our active-duty military personnel. That’s nearly twice the rate of the nation’s largest online university.