Published May 23, 2008
linzz
931 Posts
I was just on the Ontario student loans default website and noticed that McMaster University's BSN program had a 14% default rate, meaning that of those that took out loans to complete this program, 14% were not able to repay their loans. I am wondering if anyone knows what the reason for this is. Is is lack of employment opportunities, a poorly run program or something else entirely? Any input would be great.
Fiona59
8,343 Posts
Or perhaps they chose not to repay the loans? Could be people who dropped out of the programme, there are any number of possibilities.
NotReady4PrimeTime, RN
5 Articles; 7,358 Posts
Or it could be, as my daughter discovered, that the amount of money Student Loans thinks is enough to live on is pie-in-the-sky ridiculous. She has had to petition for interest-only payments until she starts making some real money.