Measuring Graduation, Employment
OSAP Default Rates at
See also performance indicators for 1998/1999,
2002/03, 2003/04, 2004/05, 2005/06, 2007/08, 2008/09, 2009/10, 2010/11.
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.
The Ministry of Training, Colleges and
Universities calculated graduation rates by selecting all full-time, year one
undergraduate students from Fall 1998 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
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.
To determine employment rates of recent
graduates, Ontario universities conducted a survey of all 2004 graduates of
undergraduate degree programs. Graduates were asked about their employment
situation six months and two years after graduation. The 2004 Graduate Placement data
was collected via a mail-out survey during the period of March 2007 to May 2007.
Lakehead's response rate was 20.5%, down from last year's rate (24.9%) and slightly below
this year's province-wide rate of 21.9%.
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 2004 graduates have performed better
than the provincial average in terms of employment 2 years after graduation with 97.0% employed, well
ahead of the system overall average of 96.2%. Lakehead University's employment rate
six months after graduation was 92.8%, matching the province-wide average of 92.8%.
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%.
OSAP Loan Default Rate
The 2006 default rates reflect the repayment
status of both undergraduate and graduate students who received Ontario Student
Loans in the 2003-04 academic year and did not receive an Ontario Student Loan
in 2004-05, 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 2003-04. The status of these loans
was assessed as of July 2006 or about two years after entering into
repayment. Lakehead University's 2006 default rate for all programs is
8.3%, a drop of more than 1% from last year's rate of
9.6%, and an all-time low of the past 5 years.
Kerrie-Lee Clarke, Director of
Institutional Analysis & Government Relations
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