Student Loan Default Rates Remain Low at Trine
By: James Tew -
Tuesday, October 20, 2020
ANGOLA, IN - Trine University graduates continue to have a low rate of student loan default, according to an annual report from a national financial education website.
LendEDU's second annual report on student loan default rates (released October 6th) ranked Trine in the top third of colleges and universities in Indiana and nationwide for having the lowest rates. Trine's default rate of 4.8% ranked 24th among 79 Indiana colleges and universities and 1,132nd nationwide, among about 4,500 institutions.
Trine University awarded more than $36 million in financial aid last year, with the average student receiving more than $35,000 in aid from all sources.
The university also has boasted more than 99 percent job placement for graduates over the past seven years.
Trine also provides services to help students track and manage loan debt, including an on-staff financial literacy specialist, annual summaries of student borrowing and in-person exit counseling prior to graduation or withdrawal. Students also receive classroom presentations during their freshman year and regular communications regarding loan options and repayment throughout their enrollment at Trine
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