CHICAGO — Within three years of getting their diplomas, more graduates from DeVry, East-West University and the Illinois Institute of Art default on their loans than from any other four-year schools in the city, the federal government says.
The highest monthly loan payments are made by students after they've studied at Columbia College ($302), DePaul ($283) and Loyola ($276).
Those comparisons and more are available through a new website launched by the White House. Chicago college students — and would-be students — can find loan default rates and average monthly loan payments, along with such other essentials as real-cost tuition and graduation rates.
The “college scorecard” will help students “get the most bang for your educational buck,” President Barack Obama said during his State of the Union address this week.
Critics say some data on the interactive site is a few years old, but the administration said the information helps empower families "to make smart investments in higher education."
The tuition listed is not the sticker price, but the cost an average undergraduate student pays after grants and scholarships are subtracted from the total cost of attending.
The graduation rate is the percentage of first-time, full-time students who received their bachelor’s degree within six years.
The default rate is the percentage of borrowers who defaulted on their federal student loans within three years of entering repayment.
The median borrowing number is what the student who borrows the average amount for that school will have to pay per month for 10 years after graduation.
Here are the details on Chicago four-year colleges and universities:
American Academy of Art
Tuition: $24,719
Change between 2007-09: -13.2 percent
Graduation rate: 44.3 percent
Loan default rate: 14.8 percent
Median borrowing: $258.25 per month
Argosy University - Chicago
Tuition: $21,059
Change from 2007-09: None
Graduation rate: NA
Loan default rate: 13.4 percent
Median borrowing: $106.10
Chicago State University
Tuition: $14,797
Change from 2007-09: +20.8 percent
Graduation rate: 21 percent
Loan default rate: 15.2 percent
Median borrowing: $215.78
Columbia College
Tuition: $27,934
Change from 2007-09: +5.9 percent
Graduation rate: 41 percent
Loan default rate: 11.4 percent
Median borrowing: $302.09 per month
DePaul University
Tuition: $24,205
Change from 2007-09: -1.8 percent
Graduation rate: 66.3 percent
Loan default rate: 4.4 percent
Median borrowing: $283.39
DeVry University
Tuition: $25,041
Change from 2007-09: +11.3 percent
Graduation rate: 33.1 percent
Loan default rate: 24.1 percent
Median borrowing: $227.28 per month
East-West University
Tuition: $24,859
Change from 2007-09: +15.9 percent
Graduation rate: 7.7 percent
Loan default rate: 21.8 percent
Median borrowing: $75.79
Harrington College of Design
Tuition: $24,463
Change from 2007-09: +1.9 percent
Graduation rate: 41 percent
Loan default rate: 12.2 percent
Median borrowing: $224.41
Illinois Institute of Art-Chicago
Tuition: $30,084
Change from 2007-09: +9.6 percent
Graduation rate: 30.8 percent
Loan default rate: 18.7 percent
Median borrowing: $227.30
Illinois Institute of Technology
Tuition: $19,456
Change from 2007-09: -2.5 percent
Graduation rate: 63.6 percent
Loan default rate: 4.6 percent
Median borrowing: $258.29
Intl. Academy of Design and Technology
Tuition: $21,110
Change from 2007-09: -11.6 percent
Graduation rate: 18.1 percent
Loan default rate: 28.6 percent
Median borrowing: $241.67
Loyola University
Tuition: $28,976
Change from 2007-09: +5.7 percent
Graduation rate: 69.6 percent
Loan default rate: 5.7 percent
Median borrowing: $276.19
Moody Bible Institute
Tuition: $13,378
Change from 2007-09: zero percent
Graduation rate: 67.2 percent
Loan default rate: Zero percent
Median borrowing: NA
National Louis University
Tuition: $11,965
Change from 2007-09: +43.5 percent
Graduation rate: 25.9 percent
Loan default rate: 6.9 percent
Median borrowing: $191.79
North Park University
Tuition: $19,535
Change from 2007-09: -11.2 percent
Graduation rate: 52 percent
Loan default rate: 10 percent
Median borrowing: $235.91
Northeastern Illinois University
Tuition: $13,373
Change from 2007-09: +14.3 percent
Graduation rate: 23.1 percent
Loan default rate: 10.1 percent
Median borrowing: $126.59
Northwestern University
Tuition: $27,113
Change from 2007-09: +3.6 percent
Graduation rate: 93.6 percent
Loan default rate: 1.8 percent
Median borrowing: $195.39
Robert Morris College - Chicago
Tuition: $18,157
Change from 2007-09: +18.6 percent
Graduation rate: 43.7 percent
Loan default rate: 8.3 percent
Median borrowing: $226.04
Roosevelt University
Tuition: $25,011
Change from 2007-09: +2.8 percent
Graduation rate: 46.5 percent
Loan default rate: 6 percent
Median borrowing: $212.19
St. Xavier University
Tuition: $16,027
Change from 2007-09: -1.5 percent
Graduation rate: 52.2 percent
Loan default rate: 8.4 percent
Median borrowing: $221.61
University of Chicago
Tuition: $29,924
Change from 2007-09: -10.2 percent
Graduation rate: 91.9 percent
Loan default rate: 2.3 percent
Median borrowing: $220.72
University of Illinois at Chicago
Tuition: $8,697
Change from 2007-09: +11.1 percent
Graduation rate: 54.5 percent
Loan default rate: 4.2 percent
Median borrowing: $195.64
