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McLean County Times

Thursday, May 16, 2024

Report: 25% of Hairmasters Institute of Cosmetology students repaying loans are in default

Collegeclassroom02

Out of 48 Hairmasters Institute of Cosmetology students repaying loans in 2015, 12 were in default, according to the latest disclosure from the U.S. Department of Education.

That gives the proprietary school in Bloomington a default rate of 25 percent for that year – 6.8 percentage points lower than in 2014 and 1.4 points higher than in 2013.

Hairmasters Institute of Cosmetology had 2 fewer students in default in 2015 than in 2014 and 1 fewer than in 2013.

How many students are in default at Hairmasters Institute of Cosmetology?
Year
School enrollment
Total students in default
2015
126
12
2014
144
14
2013
144
13

Hairmasters Institute of Cosmetology default rates by year
Year
Students in default
Students in repayment
Default rate
2015
12
48
25.0
2014
14
44
31.8
2013
13
55
23.6

Source for all tables: U.S. Department of Education

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