Page 47 - 2015WellBeing
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education 47
Chart 44: P ercentage of the population aged 25+ years old by level of educational attainment and age group, Windsor (CMA), 2011
Aged 25 to 44 Aged 45 to 64 Aged 65 and older
40
35 Above Bachelor’s
30 Degree
25
20
15
10
5
0 Less than High High School Trade Certificate College Diploma University Bachelor’s Degree
School Diploma Certificate
Source: S tatistics Canada, 2011 National Household Survey, Focus on Geography Series. (Accessed on 2015-03-30)
Student loan defaults
With a growing number of young people entering higher The shortage of local employment opportunities creates
education, the risk that they will not find a job and will challenges for recent grads to maintain the required
be forced to default on their loans increases. Default monthly student loan payments. St. Clair College has
rates of student loans are a commonly used metric seen a steady rise in default rates of its students from
which universities and colleges are measured against. 13.2 percent in 2008 to 18.4 percent in 2013. In contrast
Generally speaking, student default rates lag behind the the University of Windsor has maintained a default rate
economic cycle and tend to rise in periods shortly after ranging from 5.3 percent to 7.2 percent which is below
economic downturns. As individuals choose to further the provincial averages for all institutions but above the
their education during the economic down periods and provincial university average of 4.5 percent.lix
as the economy begins to recover and students graduate,
the competition for new positions increases leaving some Both St. Clair College and the University of Windsor
individuals unable to find employment. program-specific default rates vary widely depending
on the demand in the field of employment as well as the
number of graduates entering the workforce.lx
University of Windsor St Clair College Provincial Average
Chart 45: C anada-Ontario Integrated 20
Student Loan Default Rates 18
2008-2013 16
14
Source: O ntario Ministry of Training, 12
Colleges and University. Canada- 10
Ontario Integrated Student Loan 8 2009 2010 2011 2012 2013
Default Rate. Calculated from 6
examining annual institutional 4
default rates. 2
(Accessed on 2015-01-22).
NOTE: The provincial average 0 2008
also contains default rates
for private skills colleges and
other institutions.
Chart 44: P ercentage of the population aged 25+ years old by level of educational attainment and age group, Windsor (CMA), 2011
Aged 25 to 44 Aged 45 to 64 Aged 65 and older
40
35 Above Bachelor’s
30 Degree
25
20
15
10
5
0 Less than High High School Trade Certificate College Diploma University Bachelor’s Degree
School Diploma Certificate
Source: S tatistics Canada, 2011 National Household Survey, Focus on Geography Series. (Accessed on 2015-03-30)
Student loan defaults
With a growing number of young people entering higher The shortage of local employment opportunities creates
education, the risk that they will not find a job and will challenges for recent grads to maintain the required
be forced to default on their loans increases. Default monthly student loan payments. St. Clair College has
rates of student loans are a commonly used metric seen a steady rise in default rates of its students from
which universities and colleges are measured against. 13.2 percent in 2008 to 18.4 percent in 2013. In contrast
Generally speaking, student default rates lag behind the the University of Windsor has maintained a default rate
economic cycle and tend to rise in periods shortly after ranging from 5.3 percent to 7.2 percent which is below
economic downturns. As individuals choose to further the provincial averages for all institutions but above the
their education during the economic down periods and provincial university average of 4.5 percent.lix
as the economy begins to recover and students graduate,
the competition for new positions increases leaving some Both St. Clair College and the University of Windsor
individuals unable to find employment. program-specific default rates vary widely depending
on the demand in the field of employment as well as the
number of graduates entering the workforce.lx
University of Windsor St Clair College Provincial Average
Chart 45: C anada-Ontario Integrated 20
Student Loan Default Rates 18
2008-2013 16
14
Source: O ntario Ministry of Training, 12
Colleges and University. Canada- 10
Ontario Integrated Student Loan 8 2009 2010 2011 2012 2013
Default Rate. Calculated from 6
examining annual institutional 4
default rates. 2
(Accessed on 2015-01-22).
NOTE: The provincial average 0 2008
also contains default rates
for private skills colleges and
other institutions.
