Forrest College has state's worst student loan default rate


At Forrest College, 23 percent of borrowers who started repaying student loans in 2014 defaulted on those loans by the end of 2016, according to the latest disclosure from the U.S. Department of Education.

The data includes two-year public colleges. The Federal Student Aid Office compiles data on schools receiving federal student aid who entered repayment on selected federal loans in the given fiscal year and defaulted before the end of the second fiscal year.

In total, 17 two-year institutions based in South Carolina reported 25,912 students entered repayment on student loans in 2014. And 4,238 – or 16.36 percent, above the national rate of 11.5 percent – defaulted on those loans.

South Carolina 2-year schools with highest default rates

RankSchoolCityNumber of Borrowers in RepayNumber of Borrowers in DefaultDefault Rate (%)
1Forrest College                                                  Anderson            922122.8
2Piedmont Technical College                                       Greenwood           1,65835321.2
3Florence - Darlington Technical College                          Florence            1,64533120.1
4York Technical College                                           Rock Hill           71514420.1
5Central Carolina Technical College                               Sumter              1,31325419.3
6Spartanburg Community College                                    Spartanburg         71013118.4
7Denmark Technical College                                        Denmark             65311918.2
8Spartanburg Methodist College                                    Spartanburg         3736316.8
9Horry - Georgetown Technical College                             Conway              2,94148716.5
10Greenville Technical College                                     Greenville          4,28270016.3
11Trident Technical College                                        North Charleston    4,92879816.1
12Tri-County Technical College                                     Pendleton           1,06617116.0
13Technical College Of The Lowcountry - Beaufort Campus            Beaufort            2694215.6
14Aiken Technical College                                          Aiken               4166214.9
15Orangeburg - Calhoun Technical College                           Orangeburg          6989713.8
16Midlands Technical College                                       West Columbia       3,88646011.8
17Centura College                                                  North Charleston    26751.8
Source: U.S. Department of Education Federal Student Aid Office

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