Student Loan Default Rates

(Updated December 13, 2012)

Each year, the Ontario Ministry of Training, Colleges and Universities calculates the default rate for Ontario Student Loans. The default rates presented in the first figure below reflect the repayment status of students (both undergraduate and graduate) who were issued student loans in the 2008-2009 academic year, completed or exited their studies in 2009 and who have since defaulted on their Ontario Student Loan obligations.

The average Ontario Student Loan default rate at Queen’s is 1.2%, compared with a provincial average rate of 3.6%. The number of students who default represents about 1% of the entire Queen’s student population. Seven Queen’s programs had default rates of 0% and are shown with a (1) in the figure below. Those programs with fewer than 5 loans issued are indicated by "na".

Contact the Ontario Student Assistance Program and the Office of the University Registrar to obtain information about student financial support for Queen’s students.

Note: Contact us at OIRP@queensu.ca if you require the student loan default rates in accessible format.

2012 Ontario Student Loan Default Rate (loans issued in 2008-09):

The default rates presented in the following figure below reflect the repayment status of students (both undergraduate and graduate) who were issued student loans in the 2007-2008 academic year, completed or exited their studies in 2008 and who have since defaulted on their Ontario Student Loan obligations. The average Ontario Student Loan default rate at Queen’s is 1.5%, compared with a provincial average rate of 3.7%. The number of students who default represents about 1% of the entire Queen’s student population. Eight Queen’s programs had default rates of 0% and are shown with a (1) in the figure below.

2011 Ontario Student Loan Default Rate (loans issued in 2007-08):