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Sunday, November 24, 2024

Report: 15% of Shear Learning Academy of Cosmetology students repaying loans are in default

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Out of 40 Shear Learning Academy of Cosmetology students repaying loans in 2015, 6 were in default, according to the latest disclosure from the U.S. Department of Education.

That gives the proprietary school in Decatur a default rate of 15 percent for that year – 3.5 percentage points higher than in 2014 and 0.3 points lower than in 2013.

Shear Learning Academy of Cosmetology had 3 more students in default in 2015 than in 2014 and 4 more than in 2013.

How many students are in default at Shear Learning Academy of Cosmetology?
Year
School enrollment
Total students in default
2015
29
6
2014
38
3
2013
31
2

Shear Learning Academy of Cosmetology default rates by year
Year
Students in default
Students in repayment
Default rate
2015
6
40
15.0
2014
3
26
11.5
2013
2
13
15.3

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

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