默认的预防
Introduction and Background
Although not required by the Department of Education to have a default prevention 计划 in place, the 金融援助 Services Office at 美高梅 makes significant 努力 in the areas of default prevention and debt management. 本文档是一部分 of 美高梅's 金融援助 Policies and Procedures, describes these 努力 and presents information about the institution's loan program that helps guide these 努力. The 金融援助 Services Office is responsible for implementation of this 计划.
美高梅 Student Loan Borrower Population
美高梅, also known as Valencia or VC, is a public state college in Orlando, Florida, United States offering Associate in Arts (AA), Associate in Science (AS), Bachelor of Science (BS) degrees, and certificates with over 10,189 students with degrees conferred in the 2020-2021 academic year. In the 2020-2021 academic year, 48,347 students received some type of federal or state financial aid including 20,968 Pell Grant and 7,521 federal student loans. Valencia is the second-largest member institution of the Florida College System. The college was founded in 1967 as "Valencia Junior College", taking the name "Valencia Community College" in 1971. 在12月 2010, Valencia's 校董会 voted to change the college's name to "Valencia College", as the academic scope of the school expanded to include bachelor's degrees. Valencia has several campuses in Orlando with additional campuses in Kissimmee, Winter Park, Lake Nona, Poinciana and Downtown Orlando. With over 70,000 students enrolled each year; Valencia is ranked fourth among two-year schools in the United States for the number of Associate's degrees awarded. Also noteworthy, the college ranks fifth in the nation in the number of degrees awarded to Hispanic students and seventh in the number awarded to African-Americans. The college also ranked fourth in the nation in the number of one-year certificates awarded.
美高梅's Default Rates
The chart below illustrates Valencia’s historical rates compared to all two year institutions as well as the state of Florida and the nation’s colleges and universities overall. It is important to note that the population of all two year public colleges nationwide includes many schools quite different in size and character to Valencia, and therefore the comparison may not be as useful as comparing our rates to more similar institutions, 接下来会讲到.
Cohort Chart for 美高梅
Starting in September of 2012, the Department released the first official 2009 rates measured by a 3-year cohort. 美高梅 official rates are listed below:
| 群一年 |
分子 (Borrowers defaulted) |
分母 (Total borrowers in repayment) |
3年CDR |
|---|---|---|---|
| 2006 | 362 | 3,026 | 11.9% |
| 2007 | 399 | 2,543 | 15.6% |
| 2008 | 381 | 2,383 | 15.9% |
| 2009 | 504 | 2,672 | 18.8% |
| 2010 | 644 | 3,670 | 17.5% |
| 2011 | 1,088 | 5,346 | 20.3% |
| 2012 | 1,347 | 7,905 | 17.0% |
| 2013 | 1,258 | 8,479 | 14.8% |
| 2014 | 1,243 | 8,062 | 15.4% |
| 2015 | 1,016 | 7,774 |
13.0% |
| 2016 | 446 | 6,521 |
6.8% |
| 2017 | 660 | 6,584 |
10.0% |
| 2018 | 494 | 5,893 |
8.3% |
| 2019 | 138 | 5,404 |
2.5% |
| 2020 | 0 | 5,320 |
0.0% |
Measuring the Effectiveness of 美高梅's Plan
The Assistant Vice President of 金融援助 & Veteran Affairs and a 金融援助 Specialist will examine on an ongoing basis this default prevention 计划 to assess 其有效性. 美高梅 默认的预防 Advisory Committee also understands that our default prevention 努力 must focus on both short term and long-term 努力 to reduce both default rates among students who have received loans and are already in repayment, and default risk among those students who are currently enrolled or who will enroll in 美高梅 in the future. We understand that this effort will combine strategies, which are both targeted and general in nature. 我们会 monitoring the results of the 努力 described in this 计划 and making adjustments as necessary to meet our institutional goals. We will continue to seek additional opportunities to both reduce default rates and default risk.
If you have questions about any aspect of this 计划 please contact 金融援助 Services 电邮地址： FinAidOffice@dmkult.net