Measuring Graduation, Employment
OSAP Default Rates at
See also performance indicators for 1998/1999,
2002/03, 2003/04, 2004/05, 2005/06, 2006/07, 2008/09, 2009/10, 2010/11, 2011/12.
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 1999 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 2005 graduates of
undergraduate degree programs. Graduates were asked about their employment
situation six months and two years after graduation. The 2005 Graduate Placement data
was collected via a mail-out survey during the period of December 2007 to March 2008.
Lakehead's response rate was 19.8%, down slightly from last year's rate (20.5%) and equal to
this year's province-wide rate of 19.8%.
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 2005 graduates have a high rate of employment with
95.9% employed two years after graduation, compared to the province-wide rate of 96.9%, and
91.0% employed six months after graduation, slightly under the province-wide rate of 94.0%.
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%.
OSAP Loan Default Rate
The 2007 default rates reflect the repayment
status of both undergraduate and graduate students who received Ontario Student
Loans in the 2004-05 academic year and did not receive an Ontario Student Loan
in 2005-06, 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 2004-05. The status of these loans
was assessed as of July 2007 or about two years after entering into
repayment. Lakehead University's 2007 default rate for all programs is
5.1%, a drop of more than 3% from last year's rate of
8.3%, and an all-time low of the past 10 years.
Kerrie-Lee Clarke, Director of
Institutional Analysis & Government Relations
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