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2005/2006 PERFORMANCE
INDICATORS
Measuring Graduation, Employment
and
OSAP Default Rates at
Lakehead
See also performance indicators for 1998/1999,
1999/2000,
2000/2001,
2001/02,
2002/03, 2003/04, 2004/05, 2006/07, 2007/08, 2008/09.
Lakehead University joined the Ministry of
Training, Colleges and Universities and the Council of Ontario Universities in a
project to make information available regarding student's graduation rates,
graduate employment rates, and OSAP loan default rates.
1997 Cohort
Graduation Rate
The Ministry of Training, Colleges and
Universities calculated graduation rates by selecting all full-time, year one
undergraduate students from Fall 1997 who were seeking either a bachelors or
first professional degree and determining whether or not they graduated within 7
years. The subset was matched against the records for students who
received a degree from the same institution during the period
1998-2004.
It should be noted that students who
transferred to another institution, for example to pursue a program that
Lakehead does not offer such as medicine or dentistry, are not counted as a
graduate in Lakehead's rate.
2003 Graduates
Employment Rate
To determine employment rates of recent
graduates, Ontario universities conducted a survey of all 2003 graduates of
undergraduate degree programs. Graduates were asked about their employment
situation six months and two years after graduation. The 2003 Graduate Placement data
was collected via a mail-out survey during the period of November 2006 to February 2007.
Lakehead's response rate was 24.9%, up from last year's
survey (24.2%) and well above the province-wide rate of 23.2%.
The survey measures the employment rate of
students employed or looking for work, as opposed to students who are continuing
their education or are out of the work force for personal reasons, 6 months and
2 years following graduation.
The data indicate that Lakehead's 2003 graduates have performed better
than the provincial average in terms of employment. Lakehead University's employment rate
at six months after graduation was 93.8% versus 92.2% for the system overall.
Lakehead's average for the six-month rate has been holding steady at more than 93%
since our graduates of 2000. Lakehead University's employment rate two years after
graduation for 2003 graduates was 98.1%, a significant increase from last year's rate of 95.5%.
The province-wide 2-year employment rate for 2003 graduates was 96.8%, a rise from the previous year's
rate of 96.0%.
The system overall rate is the rate used in
the performance indicators funding envelope and includes programs in the system
such as medicine, dentistry and law where both the graduation and employment
rate are virtually 100%.
2005
OSAP Loan Default Rate
The 2005 default rates reflect the repayment
status of both undergraduate and graduate students who received Ontario Student
Loans in the 2002-03 academic year and did not receive an Ontario Student Loan
in 2003-04, and who subsequently defaulted on their repayment obligations
approximately two years after graduation. An Ontario Student Loan is in
default when the Ontario government has paid the bank's claim for an inactive
loan. A loan is inactive when no payments were made by the student for at
least 90 days. Responsibility for recovery of defaulted accounts was
transferred to private collection agencies in January 1999.
For the purpose of calculating default
rates, student loan recipients/defaulters are assigned to the last
institution/program they attended in 2002-03. The status of these loans
was assessed as of July 2005 or about two years after entering into
repayment. Lakehead University's 2005 default rate for all programs is
9.6%, a drop of more than 1% from last year's rate of
10.7%.
For more
information:
Kerrie-Lee Clarke, Director of
Institutional Analysis & Government Relations
807-343-8339
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