Richmont Graduate University has been recognized in LendEDU’s annual report on student loan default rates for having one of the lowest default rates in the United States. Specifically, the student loan default rate at Richmont Graduate University is 1.70% according to the most recent data from the Department of Education. Richmont’s default rate ranked #337 out of approximately 5,300 colleges and universities in America. This equates to Richmont being placed in the top 4% of American colleges and universities for the lowest debt burden put upon its students.
LendEDU is an online marketplace for a variety of financial products, including student loans, personal loans, and credit cards. Michael Brown, a Research Analyst for LendEDU, stated, “Your school (Richmont) is now known for creating an environment where the burden of student loan debt repayment is much less than at almost every other campus in the country.”
Richmont’s President, Dr. Timothy Quinnan, states, “As proven by many alumni and students, and now by LendEDU, Richmont offers unparalleled quality at an unparalleled cost.” The students, staff, faculty, and administration are equally proud of Richmont’s many other accomplishments in academic achievement, community engagement, and preparing generations of high impact Christ-centered counselors and ministers for both national and international service.
Check out the full report here: https://lendedu.com/blog/student-loan-default-rates-by-school-state/