14 percent of borrowers at 2-year colleges in Massachusetts default on student loans


At Fine Mortuary College, 19  percent of borrowers who started repaying student loans in 2014 defaulted on those loans by the end of 2016, according to the latest disclosure from the U.S. Department of Education.

The data includes two-year public colleges. The Federal Student Aid Office compiles data on schools receiving federal student aid who entered repayment on selected federal loans in the given fiscal year and defaulted before the end of the second fiscal year.

In total, 17 two-year institutions based in Massachusetts reported 15,306 students entered repayment on student loans in 2014. And 2,210 – or 14.44 percent, above the national rate of 11.5 percent – defaulted on those loans

Massachusetts 2-year schools with highest default rates

RankSchoolCityNumber of Borrowers in RepayNumber of Borrowers in DefaultDefault Rate (%)
1Fine Mortuary College                                            Norwood             891719.1
2Berkshire Community College                                      Pittsfield          53510118.8
3Holyoke Community College                                        Holyoke             1,30523317.8
4Mount Wachusett Community College                                Gardner             1,04717216.4
5Greenfield Community College                                     Greenfield          4557416.2
6Bristol Community College                                        Fall River          1,45721814.9
7Cape Cod Community College                                       West Barnstable     3915714.5
8Massasoit Community College                                      Brockton            80911714.4
9North Shore Community College                                    Danvers             1,25117914.3
10Springfield Technical Community

College                          

Springfield         1,07915514.3
11Northern Essex Community College                                 Haverhill           1,22617113.9
12Quinsigamond Community College                                   Worcester           2,03328213.8
13Quincy College                                                   Quincy              90612113.3
14Bunker Hill Community College                                    Boston              78410413.2
15Massachusetts Bay Community College                              Wellesley Hills     7708611.1
16Middlesex Community College                                      Bedford             1,05511811.1
17Lawrence Memorial Hospital School Of Nursing                     Medford             11454.3
Source: U.S. Department of Education Federal Student Aid Office

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