Marietta College's Cohort Default Rate well below national average

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MARIETTA, OHIO (11/13/2018) Marietta College's Cohort Default Rate, which is released annually by the U.S. Department of Education, is considerably lower than the national average at 4.4 percent during Fiscal Year 2015.

The National Cohort Default rate during that same timeframe is 10.8 percent.

"Marietta College provides a stellar education that allows for our graduates to successfully manage their student loan investment well ahead of the national average," said Emily Schuck, Assistant Vice President for Student Enrollment Success. "When students are making decisions about return on investment when choosing a college, successful loan repayment and job placement are key indicators of the quality and impact of the education and Marietta checks those boxes."

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the next fiscal year. Please refer to the Cohort Default Rate Guide for a more in-depth description of cohort default rates and how the rates are calculated.

Marietta's Cohort Default Rate for FY2014 was 6 percent and 4.8 percent in FY2013 - both well below the national average.

Marietta College will also hold tuition at the same price for three consecutive years - 2017-18, 2018-19 and 2019-20. Tuition and fees will remain at $36,040. The cost of room and board will also hold steady, which means the total standard cost to attend Marietta College will remain $47,360 before applying scholarships and other forms of financial aid.

Located in Marietta, Ohio, at the confluence of the Muskingum and Ohio rivers, Marietta College is a four-year liberal arts college. Tracing its roots to the Muskingum Academy back in 1797, the College was officially chartered in 1835. Today Marietta College serves a body of 1,200 full-time students. The College offers 49 majors and is consistently ranked as one of the top regional comprehensive colleges by U.S. News & World Report and The Princeton Review, as well as one of the nation's best by Forbes.com. Marietta was selected seventh in the nation according to the Brookings Institution's rankings of colleges by their highest value added, regardless of major.

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