LendEdu reports: UB student loan default rate 2% less than national average

A recent report by LendEdu finds that University of Baltimore’s student loan default rate was 7.6% in 2017, compared to the national average of 9.7%. According to Harvard Business Review, student loan debt will account for a whopping $3 trillion of national consumer debt by the end of the next decade, exceeding both car loans and credit card debt. Such staggering debt means students struggling post-grad to make loan repayments are less likely to take out home or auto loans — Scholarship America says up to 36 percent less likely.

This is to say nothing of the toll student loan debt has taken on the health and wellness of those transitioning to post-grad life

The student loan default rate has grown exponentially over the past decade, and economists don’t believe there are any signs of slowing. This rate refers to the percentage of secondary education graduates who fail to make a student loan repayment by more than 270 days. For local context, the default rate out of Johns Hopkins is a slim 1.3%, while Morgan State offers a whopping 16.7%, almost double the national average. St. John’s College has the lowest rate in Maryland at 0.8%, while Coppin State has the highest rate in the state for a four-year university at 17.4%.

These rates speak to a number of factors at these colleges and universities, including financial aid award efficacy, job and career placement after college, career readiness post-grad and, of course, admission costs.

University of Baltimore’s commitment to keeping education affordable coupled with generous merit and need based institutional aid, says associate vice president of financial planning and operations Barabara Aughenbugh, contributes significantly to these outcomes. 

 “The University’s award-winning Career & Internship Center (CIC) engages students throughout their academic experience starting in the first year to ensure that students are ‘career-ready, said Aughenbugh.  “As such, 94% of graduates from the class of spring 2019 were employed or enrolled in graduate school.”

SGA passes resolutions observing Juneteenth and Indigenous People’s Day


The 2020-2021 calendar for the University of Baltimore has a new addition. June 19, known as Juneteenth, observes  the day Union Gen. Gordon Granger arrived in Galveston, Texas in 1865 to announce the Emancipation Proclamation and the end of the Civil War, bringing an end to slavery in the Confederacy. 

 The Student Government Association  passed a resolution bringing awareness to the holiday and requesting observance at the university.

The first resolution, entitled “In support of declaring ‘Juneteenth’ (June 19th) an official holiday for Students, University employees and Maryland State Employees” calls for observance of Juneteenth at the university, passed unanimously this summer coming on the heels of Republican Governor Larry Hogan’s proclamation recognizing the holiday as a chance to “commemorate the emancipation of enslaved African Americans and celebrate the triumph of the human spirit over the cruelty of slavery.” 

Juneteenth is not yet a federal holiday, but support among lawmakers and the general public is growing amidst ongoing dialogue about race and its impacts on the legacy of the United States. 

Ashlyn Woods, a former SGA senator who wrote the resolution, said, “I really hope these resolutions will help create more inclusive spaces for black and brown students on campus.” Though the University of Baltimore’s student population skews heavily towards Black and Brown students, the university’s faculty is predominately white.   

Observing Juneteenth would grant excusals to students and faculty from work and class, as is standard for most institutionally recognized holidays. 

The second resolution passed by SGA titled, “Asking the University of Baltimore to recognize ‘Indigenous Peoples’ Day’” requests that the university replace Columbus Day with Indigenous Peoples’ Day. Doing so, says supporters, reduces glorification of colonialistic values promoted by Christopher Columbus. Columbus Day is officially recognized on October 12.  This resolution is a follow-up resolution to an earlier one passed three years prior requesting the same change. Both holidays, since The Sting began coverage, appear on the academic calendar.

The resolution argues that Indigenous People’s Day is “a more proper representation of historical events associated with the discovery of the Americas.” SGA President Dan Khoshkepazi says these resolutions are a testament to SGA senators, without whom “change would not be possible,” and more importantly, promote efforts to “embrace diversity and growing inclusion.”When asked for comment, President Kurt Schmoke, who is in support of the recognition of Indigenous People’s Day, said the resolution “offers an important corrective perspective to American history.”

Sierra Farrare is a staff writer for The Sting.