13 percent of borrowers at 2-year colleges in New Jersey default on student loans


At Salem Community College, 19  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, 21 two-year institutions based in New Jersey reported 18,070 students entered repayment on student loans in 2014. And 2,371 – or 13.12 percent, above the national rate of 11.5 percent – defaulted on those loans

New Jersey 2-year schools with highest default rates

RankSchoolCityNumber of Borrowers in RepayNumber of Borrowers in DefaultDefault Rate (%)
1Salem Community College                                          Carneys Point       1963819.3
2Cumberland County College                                        Vineland            54610018.3
3Atlantic Cape Community College                                  Mays Landing        86215417.8
4Camden County College                                            Blackwood           1,85231216.8
5Hudson County Community College                                  Jersey City         72112116.7
6Mercer County Community College                                  Trenton             76711514.9
7Ocean County College                                             Toms River          1,39019714.1
8Union County College                                             Cranford            1,28818114.0
9Passaic County Community College                                 Paterson            4415913.3
10Rowan College At Burlington County                               Pemberton           92812413.3
11Sussex County Community College                                  Newton              3664712.8
12Raritan Valley Community College                                 North Branch        5967612.7
13Rowan College At Gloucester County                               Sewell              80710312.7
14Bergen Community College                                         Paramus             1,49719012.6
15Warren County Community College                                  Washington          2142712.6
16Brookdale Community College                                      Lincroft            1,68520712.2
17Eastwick College - Nutley Campus                                 Nutley              4675010.7
18Middlesex County College                                         Edison              1,08711410.4
19County College Of Morris                                         Randolph            887839.3
20Eastwick College - Hackensack

Campus.                            

Hackensack          344236.6
21Jersey College                                                   Teterboro           1,129504.4
Source: U.S. Department of Education Federal Student Aid Office

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