Canisius' Three-Year Loan Default Rate Drops

October 4, 2016

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Buffalo, NY – Canisius College’s three-year loan default rate continues to drop according to the Department of Education’s most recent report.  The college’s three-year loan default rate has dropped from 5.1 percent to 3.7 percent and last year to 3.4 percent.  This is significantly below the national average of 7 percent for private four-year schools.

“We are pleased that our default rates continue to drop,” says Kathleen B. Davis, Canisius’ vice president for enrollment management.  “Our net tuition rate is attractive to families to begin with, and we take great care to counsel students and families regarding loan levels and repayment options.  Our low default rates show that our students are well informed and that our graduates have secured jobs and are able to repay their loans.”

Davis notes that Canisius empowers its students and graduates by providing them with the necessary financial literacy tools for success.  In addition to counseling from the Student Records & Financial Services Office, Canisius students and alumni also have access to SALT, a comprehensive financial literacy program designed to empower students to take control of their finances, allowing them to make better decisions about how to finance their education, repay their student loan debt and plan wisely for their financial future.  The college also counsels and provides career advice through its Griff Center for Academic Engagement.   The Griff Center provides comprehensive programs, services, and resources to support student academic and career success. 

For more information, contact the Office of College Communications at (716) 888-2790.

Canisius College is one of 28 Jesuit colleges in the nation and the premier private college in Western New York.