Federal Student Loan Default Rates, Two-Year Rates, 2011

Includes borrowers who were due to begin repayment between October 1, 2010 and September 20, 2011 and defaulted that year or the next year.

Minnesota, National and Peer State 18.0% Two-Year Federal Cohort Student Loan Default Rates 2005-2011 16.0% Peer States National

14.0%

12.0% 10.1% 10.0% 9.1% 10.0% 8.8% 8.8% 8.6% 8.0% 7.0% 6.7% 6.6% 6.5% 6.9% 6.1% 5.8% 6.0% 5.2% 4.6% 4.4% 4.1% 3.7% 4.0% 3.0% 2.9% 3.3%

2.0%

0.0% 2005 2006 2007 2008 2009 2010 2011 Source: U.S. Department of Education , Federal Student Aid Two-Year

Federal Two-Year Cohort Default Rates by Type of Institution, 2011

Minnesota Peer States Nation

18% 16.1% 15.0% 16% 14.1% 13.6% 14% 12.5% 12% 9.7% 10.1% 10.0% 10% 8.6% 8% 6.8% 5.2% 6% 5.0% 4.2% 5.0% 3.3% 4% 2% 0% Public 2-Year Private For-Profit Private Nonprofit Public 4-Year Total 2-year and 4-Year2-year and 4-Year

1

Minnesota Public Community and Technical Colleges, Two-Year Default Rates 2011 N represents Alexandria Technical and Community College n=77 10.6% number of n=88 11.2% defaulters at Anoka-Ramsey Community College n=207 9.0% each n=151 12.7% institution n=344 11.4% Dakota County Technical College n=123 12.3% Fond du Lac Tribal and Community College n=71 17.4% Hennepin Technical College n=208 11.1% Hibbing Community College n=119 20.0% Inver Hills Community College n=140 9.1% n=51 13.1% n=130 8.5% Mesabi Range Community and Technical… n=85 16.3% Minneapolis Community and Technical… n=486 14.0% Minnesota State College - Southeast… n=133 12.2% Minnesota State Community and Technical… n=491 16.5% Minnesota West Community and Technical… n=111 12.2% Normandale Community College n=269 11.2% North Hennepin Community College n=199 10.2% Northland Community and Technical College n=165 11.4% Northwest Technical College - Bemidji n=96 17.8% Pine Technical College n=40 13.9% Rainy River Community College n=18 16.3% n=166 11.6% Riverland Community College n=282 13.6% Rochester Community and Technical College n=170 9.8% Saint Cloud Technical and Community College n=158 10.0% n=392 19.0% n=138 11.9% Vermilion Community College n=38 14.1% Source: U.S. Department of Education , Federal Student Aid Two-Year

2

Minnesota Private For-Profit Postsecondary Institutions, Two-Year Default Rates 2011 Academy College n=25 19.8%

Art Institutes International Minnesota n=88 9.8% N represents number of defaulters at each institution Aveda Institute n=17 5.1%

Brown College n=85 12.7%

Capella University n=1777 10.2%

CenterPoint Massage and Shiatsu… n=1 2.2%

Cosmetology Careers UnLTD - Duluth n=5 12.1%

Cosmetology Careers UnLTD - Hibbing n=6 20.0%

Duluth Business University n=39 14.6%

Empire Beauty School n=40 15.9%

Empire Beauty School n=18 6.6%

Globe University n=208 9.4%

Hastings Beauty School n=1 8.3%

Institute of Production and Recording n=14 5.5%

McNally Smith College of Music n=10 4.2%

Minneapolis Business College n=13 3.9%

Minnesota School of Business n=259 6.7%

Minnesota School of Cosmetology n=14 8.5%

Model College of Hair Design n=9 10.2%

Northwest Technical Institute n=5 6.1%

Rasmussen College n=1917 14.5%

Regency Beauty Institute n=515 9.2%

Walden University n=965 6.0%

Source: U.S. Department of Education , Federal Student Aid Two-Year

3

Minnesota Private Nonprofit Postsecondary Institutions, Two-Year Default Rates 2011

Augsburg College n=41 3.7% N represents number of defaulters n=8 3.8% at each institution Bethel University n=29 2.2% n=2 0.9% College of Saint Benedict n=4 0.9% College of Saint Scholastica n=39 3.4% n=1 1.7% Concordia College - Moorhead n=10 1.4% Concordia University - Saint Paul n=40 4.1% n=6 12.7% Crown College n=15 4.1% Dunwoody College of Technology n=87 12.0% Gustavus Adolphus College n=10 1.7% n=40 2.7% n=4 1.2% n=2 1.4% Minneapolis College of Art and Design n=11 4.6% n=12 3.4% Northwestern College n=23 2.9% Oak Hills Christian College n=1 1.6% Saint Catherine University n=59 4.3% Saint John's University n=7 1.9% Saint Mary's n=32 2.1% Saint Olaf College n=4 0.7% University of Saint Thomas n=81 3.6% Source: U.S. Department of Education , Federal Student Aid Two-Year

4

Minnesota Public Four-Year Universities, Two-Year Default Rates 2011

Bemidji State University n=94 7.4% N represents number of defaulters at each institution Metropolitan State University n=95 4.8%

Minnesota State University n=122 3.5% Mankato

Minnesota State University n=103 5.1% Moorhead

Saint Cloud State University n=217 5.4%

Southwest Minnesota State 5.4% University n=49

Winona State University n=61 3.1%

University of Minnesota - n=26 6.8% Crookston

University of Minnesota 3.6% Duluth n=91

University of Minnesota - n=12 3.4% Morris

University of Minnesota - Twin n=294 3.2% Cities

Source: U.S. Department of Education , Federal Student Aid Two-Year

5

Minnesota Private Graduate Schools, Two-Year Default Rates 2011

N represents number of defaulters at n=4 4.6% each institution

American Academy of n=1 1.3% Traditional Chinese Medicine

Hazelden Graduate School of 1.8% Addiction Studies n=1

Luther Seminary 0.0%

Mayo Clinic, College of n=1 0.7% Medicine

Northwestern Health Sciences n=4 1.4% University

United Theological Seminary 0.0% of the Twin Cities

William Mitchell College of n=3 0.9% Law

Source: U.S. Department of Education , Federal Student Aid Two-Year

6

Federal Student Loan Two-Year Default Rates, by State, 2011

Alabama 10.6% Alaska 9.2% Arizona 13.6% Arkansas 12.0% California 8.5% Colorado 11.4% Connecticut 8.4% Delaware 8.7% District of Columbia 8.2% Florida 10.8% Georgia 10.6% Guam 4.3% Hawaii 7.3% Idaho 10.4% Illinois 9.8% Indiana 11.3% Iowa 12.3% Kansas 8.3% Kentucky 12.9% Louisiana 9.1% Maine 9.3% Maryland 8.5% Massachusetts 6.2% Michigan 10.5% Minnesota 8.6% Mississippi 11.5% Missouri 8.9% Montana 8.0% Nebraska 5.1% Nevada 11.2% New Hampshire 5.8% New Jersey 8.7% New Mexico 15.4% New York 7.9% North Carolina 9.2% North Dakota 4.3% Ohio 11.6% Oklahoma 12.1% Oregon 9.6% Pennsylvania 8.6% Puerto Rico 13.2% Rhode Island 7.7% South Carolina 9.5% South Dakota 8.1% Tennessee 9.6% Texas 11.8% Utah 8.3% Vermont 6.0% Virgin Islands 12.7% Virginia 7.2% Washington 8.0% West Virginia 13.6% Wisconsin 7.0% Wyoming 9.3% U.S. 10.0%

7

Three-Year Federal Student Loan Default Rates, 2010

Includes borrowers who were due to begin repayment between October 1, 2009 and September 20, 2010 and defaulted that year or the next two years.

Federal Three-Year Cohort Default Rates by Type of Institution, 2010

Minnesota Peer States Nation

25% 22.7% 21.8% 20.8%20.9% 20% 18.0%

14.7%14.7% 15% 11.3% 11.0% 9.3% 10% 8.5% 7.6% 8.2% 5.0% 5.7% 5%

0% Public 2-Year Private For-ProfitPrivate Nonprofit Public 4-Year Total 2-year and 4- 2-year and 4- Year Year

8

Minnesota Public Community and Technical Colleges Three-Year Default Rates, 2010 N represents number of ALEXANDRIA TECHNICAL AND COMMUNITY… n=75 11.7% defaulters at each institution ANOKA TECHNICAL COLLEGE n=122 17.8% ANOKA-RAMSEY COMMUNITY COLLEGE n=245 14.5% CENTRAL LAKES COLLEGE n=212 21.1% CENTURY COLLEGE n=458 18.2% DAKOTA COUNTY TECHNICAL COLLEGE n=111 13.9% FOND DU LAC TRIBAL & COMMUNITY COLLEGE n=102 28.7% HENNEPIN TECHNICAL COLLEGE n=258 18.4% HIBBING COMMUNITY COLLEGE n=140 23.8% INVER HILLS COMMUNITY COLLEGE n=139 11.6% ITASCA COMMUNITY COLLEGE n=69 20.4% LAKE SUPERIOR COLLEGE n=203 15.2% MESABI RANGE COMMUNITY AND TECHNICAL… n=141 30.5% MINNEAPOLIS COMMUNITY AND TECHNICAL… n=649 23.7% MINNESOTA STATE COLLEGE - SOUTHEAST… n=137 16.7% MINNESOTA STATE COMMUNITY AND TECHNICAL… n=447 16.6% MINNESOTA WEST COMMUNITY AND TECHNICAL… n=134 16.6% NORMANDALE COMMUNITY COLLEGE n=280 13.7% NORTH HENNEPIN COMMUNITY COLLEGE n=247 15.0% NORTHLAND COMMUNITY AND TECHNICAL… n=249 19.0% NORTHWEST TECHNICAL COLLEGE - BEMIDJI n=112 22.9% PINE TECHNICAL COLLEGE n=34 17.2% RAINY RIVER COMMUNITY COLLEGE n=28 26.6% RIDGEWATER COLLEGE n=200 15.9% RIVERLAND COMMUNITY COLLEGE n=335 19.4% ROCHESTER COMMUNITY AND TECHNICAL COLLEGE n=258 15.4% SAINT PAUL COLLEGE - A COMMUNITY &… n=425 26.3% SOUTH CENTRAL COLLEGE n=155 16.5% ST. CLOUD TECHNICAL AND COMMUNITY COLLEGE n=157 13.5% VERMILION COMMUNITY COLLEGE n=53 25.0% Source: U.S. Department of Education , Federal Student Aid Three-Year Cohort

9

Minnesota Private For-Profit Postsecondary Institutions Three-Year Default Rates, 2010

ACADEMY COLLEGE n=28 27.7%

ART INSTITUTES INTERNATIONAL MINNESOTA n=143 15.9% N represents number of defaulters AVEDA INSTITUTE n=24 6.7% at each institution BROWN COLLEGE n=105 15.4%

CAPELLA UNIVERSITY n=139 10.9%

CENTERPOINT MASSAGE & SHIATSU THERAPY… 0.0%

COSMETOLOGY CAREERS UNLTD - DULUTH n=7 18.9%

COSMETOLOGY CAREERS UNLTD - HIBBING n=3 15.0%

DULUTH BUSINESS UNIVERSITY n=59 23.2%

EMPIRE BEAUTY SCHOOL n=28 16.1%

EMPIRE BEAUTY SCHOOL n=31 14.1%

GLOBE UNIVERSITY n=202 17.5%

HASTINGS BEAUTY SCHOOL n=2 28.5%

INSTITUTE OF PRODUCTION AND RECORDING n=13 10.3%

MCNALLY SMITH COLLEGE OF MUSIC n=33 14.1%

MINNEAPOLIS BUSINESS COLLEGE n=20 6.7%

MINNESOTA SCHOOL OF BUSINESS n=427 12.8%

MINNESOTA SCHOOL OF COSMETOLOGY n=19 14.7%

MODEL COLLEGE OF HAIR DESIGN n=13 13.4%

NORTHWEST TECHNICAL INSTITUTE n=4 5.8%

RASMUSSEN COLLEGE n=1466 18.6%

REGENCY BEAUTY INSTITUTE n=342 9.7%

WALDEN UNIVERSITY n=685 5.4%

Source: U.S. Department of Education , Federal Student Aid Two-Year

10

Minnesota Private Nonprofit Postsecondary Institutions Three-Year Default Rates, 2010

AUGSBURG COLLEGE 6.2% n=61 N Represents number of BETHANY LUTHERAN COLLEGE n=11 6.9% defaulters at each institution BETHEL UNIVERSITY n=34 2.8%

CARLETON COLLEGE n=8 3.1% COLLEGE OF SAINT BENEDICT n=7 1.5% COLLEGE OF SAINT SCHOLASTICA n=63 6.4%

COLLEGE OF VISUAL ARTS n=2 3.3% CONCORDIA COLLEGE - MOORHEAD n=14 2.1%

CONCORDIA UNIVERSITY - SAINT PAUL n=55 5.5% CROSSROADS COLLEGE n=2 4.3% CROWN COLLEGE n=21 5.5% DUNWOODY COLLEGE OF TECHNOLOGY n=151 20.1%

GUSTAVUS ADOLPHUS COLLEGE n=132.3%

HAMLINE UNIVERSITY n=60 4.5% MACALESTER COLLEGE n=20.6%

MARTIN LUTHER COLLEGE n=10.6% MINNEAPOLIS COLLEGE OF ART & DESIGN n=21 10.1%

NORTH CENTRAL UNIVERSITY n=19 5.6%

NORTHWESTERN COLLEGE n=25 3.5% OAK HILLS CHRISTIAN COLLEGE n=9 18.0% SAINT JOHN'S UNIVERSITY n=5 1.4%

SAINT MARY'S UNIVERSITY OF MINNESOTA n=53 3.6% SAINT OLAF COLLEGE n=14 2.6%

ST. CATHERINE UNIVERSITY n=87 6.8% UNIVERSITY OF SAINT THOMAS n=77 3.6%

Source: U.S. Department of Education , Federal Student Aid Two-Year

11

Minnesota Public Universities Three-Year Default Rates, 2010

BEMIDJI STATE UNIVERSITY n=112 10.3%

METROPOLITAN STATE n=149 9.1% UNIVERSITY N numbers represent number of MINNESOTA STATE defaulters at each institution. n=112 6.0% UNIVERSITY MOORHEAD

MINNESOTA STATE n=203 6.5% UNIVERSITY, MANKATO

SOUTHWEST MINNESOTA n=74 8.9% STATE UNIVERSITY

ST. CLOUD STATE UNIVERSITY n=231 7.0%

WINONA STATE UNIVERSITY n=81 4.4%

UNIVERSITY OF MINNESOTA - n=33 9.2% CROOKSTON

UNIVERSITY OF MINNESOTA n=90 3.9% DULUTH

UNIVERSITY OF MINNESOTA - n=28 7.6% MORRIS

UNIVERSITY OF MINNESOTA - n=322 3.8% TWIN CITIES

Source: U.S. Department of Education , Federal Student Aid Two-Year

12

Minnesota Private Graduate School Three-Year Default Rates, 2010

ADLER GRADUATE SCHOOL n=5 5.3% N Represents number of defaulters at each institution AMERICAN ACADEMY OF

TRADITIONAL CHINESE n=1 3.8% MEDICINE

HAZELDEN GRADUATE SCHOOL OF ADDICTION n=2 4.6% STUDIES

LUTHER SEMINARY 0.0%

MAYO CLINIC, COLLEGE OF 0.0% MEDICINE

NORTHWESTERN HEALTH n=7 2.4% SCIENCES UNIVERSITY

UNITED THEOLOGICAL SEMINARY OF THE TWIN n=2 8.3% CITIES

WILLIAM MITCHELL COLLEGE n=7 2.1% OF LAW

Source: U.S. Department of Education , Federal Student Aid Two-Year

13