In an effort to help potential college students make more informed decisions about the school they attend, the White House last month released higher education scorecards for colleges and universities in the United States.
Schools can be categorized by programs and majors offered, location and enrollment. Each scorecard provides information on cost per year, graduation rate, loan default rate and median borrowing.
Cost per year is calculated as the average price an undergraduate in-state student pays after grants and scholarships; graduation rate is the percentage of students who earn bachelor’s degrees within six years; loan default rate is the percentage of borrowers who default on their Federal student loans within three years of entering payment; and median borrowing is the median monthly payment an undergraduate student pays each month for 10 years.
Here’s a look at how public institutions in Missouri stack up in those four categories, with each category displayed in descending order:
Analysis of the data shows a negative correlation between graduation rate and loan default rate. The higher a Missouri institution’s graduation rate is, the lower its loan default rate tends to be.