Graduation, Employment and OSAP Loan Default Rates 2010

OSAP Indicators -- Explanatory Notes

General

In response to the Ministry of Training, Colleges, and Universities' (MTCU) 1998-1999 OSAP policy requirement that institutions make available for students data regarding default rates, graduation rates and graduate placementrates, the University of Toronto is posting the three "OSAP Indicators" below. Graduation and default rates havebeen calculated by the MTCU using existing data sources while employment rate data was collected through agraduate survey conducted by the Ontario University Application Centre (OUAC).

The data are published in 26 program categories. The following provides additional information regarding threeparticular categories used:

"Other Arts and Science" -- includes students enrolled in all Arts and Science programs except for students inCommerce, Computer Science and the UTM/Sheridan Fine Art/Drama program.

"Health Professions" -- includes students enrolled in the B.Sc. in Biomedical Communication.

To maintain adequate confidentiality in light of the Freedom of Information and Protection of Privacy Act,information has not been shown in instances where the number of students is four or less.

Employment Rates -- University Graduate Survey

To determine employment rates of recent graduates, Ontario universities conducted a survey of all 2007 graduatesof undergraduate degree programs. Graduates were asked 11 questions regarding their employment situation sixmonths and two years after graduation. Of the 70,946 graduates who were surveyed, 20,508 or 28.9% responded.

Table 1 indicates the employment rates for 2007 graduates of U of T's undergraduate programs, by programcategory, six months and two years after graduation. Table 2 indicates the same employment rates for all universitiesin Ontario. The overall employment rates for 2007 graduates of U of T's undergraduate degree programs is 92.4%six months after graduation and 94.2% two years after graduation. These compare to system-level rates of 93.6% six months after graduation and 95.2% two years after graduation. The employment rate is defined as the numberof employed persons expressed as a percentage of the labour force where the labour force is those persons whowere employed, or unemployed but looking for work.

The University of Toronto Careers Centre provides career and employment services exclusively to U of T students,recent graduates, and employers.

Graduation Rates

The MTCU has calculated graduation rates using a single entering cohort of students and determining whether ornot they graduated within seven years. The methodology employed involves the selection of all new full-time, YearOne undergraduate students on the official Fall 2001 enrolment file, who have a valid (and unique) student IDnumber, and were seeking either a bachelors or first professional degree. The subset was then matched against therecords for students who received a degree (in any program) from the same institution during the period 2002-2008.

Table 1 indicates the graduation rate for all programs at U of T is 80.7% (compared to 79.0% for all programs at allOntario universities -- see Table 2).

Default Rates

The 2009 default rates reflect the repayment status of students (undergraduate and graduate) who were issuedOntario Student Loans in the 2006-2007 academic year and did not receive an Ontario Student Loan in 2007-2008,and who defaulted on their repayment obligations approximately two years after graduation. Student loanrecipients/defaulters are, for the purpose of calculating default rates, assigned to the last institution/program theyattended in 2006-2007. The status of these loans was assessed as of July 2009 or about two years after entering intorepayment.

Table 1 indicates the 2009 default rate for all programs at U of T is 3.2%. This compares to 4.0% for all programsat Ontario universities (see Table 2). As approximately 40% of full-time undergraduate U of T students receive OSAP, the number ofgraduates who have defaulted on loans represents less than 3% of the student population. It is also important tonote when reviewing the data that they may include student loans from more than one program as well as programsfrom other universities in Ontario and across Canada.

In 1998 U of T, which provides over $132 million in student aid (scholarships, fellowships and bursaries) annually from its operating budget alone, introduceda policy stating that no student should be prevented from entering or completing a program of study due to financialneed. The details are given in the Policy on Student Financial Support.

Table 1: Graduation, Employment and OSAP Loan Default Rates: University of Toronto by Program Area

GraduationEmployment Rate2Default
ProgramRate16 months   2 yearsRate3
Agriculture & Biological Sciences 67.9% 85.9% 90.5% 0.9%
Architecture & Landscape Architecture 5 100.0% 4 0.0%
Business & Commerce 80.5% 94.5% 96.5% 1.4%
Computer Science 85.7% 94.0% 95.5% 0.0%
Dentistry 98.6% 87.5% 100.0% 0.0%
Education 99.1% 95.6% 99.2% 0.6%
Engineering 86.8% 95.6% 92.4% 1.2%
Fine Arts 83.2% 100.0% 95.8% 1.7%
Food Science 5 100.0% 100.0% 5.3%
Forestry 5 100.0% 100.0% 5.3%
Humanities 74.7% 89.5% 93.7% 4.3%
Journalism 5 66.7% 100.0% 6
Kinesiology/Recreation/Physical Education 90.4% 90.9% 100.0% 5.7%
Law 95.5% 97.9% 93.8% 0.0%
Mathematics 60.0% 96.8% 94.9% 2.5%
Medicine 98.0% 100.0% 100.0% 0.0%
Nursing 94.6% 100.0% 100.0% 0.0%
Other Arts & Science 74.4% 92.0% 95.1% 11.7%
Other Health Professions 86.9% 90.6% 93.3% 1.4%
Pharmacy 97.9% 98.0% 94.7% 0.0%
Physical Sci 80.0% 85.7% 94.7% 4.7%
Social Sciences 74.1% 89.8% 90.5% 3.3%
Theology 73.2% 5 5 0.0%
Therapy & Rehabilitation 5 4 4 0.0%
U of T Average 80.7% 92.4% 94.2% 3.2%
  1. Percent of year 1 students in bachelors or first professional degree programs in 2001 who subsequently received a degree between 2002 and 2008 in any program area.
  2. Percentage of 2007 graduates of bachelors or first professional degree programs who were employed 6 months and two years after graduation.
  3. Reflect the repayment status of students who were issued Ontario Student Loans in the 2006-2007 academic year and did not receive OSAP loans (Canada Student Loan or Ontario Student Loan) in 2007-2008. Typically, these students would have exited or completed their studies in 2007. Includes graduate students. 
  4. For employment rate, sample size of four or fewer individuals.
  5. Data not available / not reported.
  6. Number of Ontario Student Loans issued was less than 5.

Ministry of Training, Colleges and Universities: Universities' Key Performance Indicators

Table 2: Graduation, Employment and OSAP Loan Default Rates: Provincial Averages by Program Area

 GraduationEmployment Rate2Default
ProgramRate16 months2 yearsRate3
         
Agriculture & Biological Sciences 78.9% 90.7% 91.8% 2.7%
Architecture & Landscape Architecture 85.4% 96.7% 91.8% 2.1%
Business & Commerce 79.7% 95.1% 96.5% 3.0%
Computer Science 70.0% 92.7% 97.0% 2.5%
Dentistry 96.0% 94.4% 100.0% 0.0%
Education 97.9% 95.1% 97.1% 1.2%
Engineering 80.5% 91.8% 94.6% 1.7%
Fine Arts 71.3% 92.0% 92.6% 4.6%
Food Science 86.2% 96.6% 93.4% 1.9%
Forestry 71.4% 87.5% 100.0% 0.0%
Humanities 74.6% 92.4% 93.4% 5.4%
Journalism 79.6% 84.5% 93.2% 4.4%
Kinesiology/Recreation/Physical Education 81.3% 93.6% 97.2% 3.8%
Law 94.1% 96.8% 94.0% 2.4%
Mathematics 77.3% 94.7% 95.6% 2.6%
Medicine 98.8% 100.0% 100.0% 0.0%
Nursing 87.2% 98.9% 99.6% 3.1%
Other Arts & Science 72.6% 93.9% 96.0% 7.0%
Other Health Professions 85.1% 91.7% 95.7% 2.6%
Pharmacy 97.9% 98.0% 98.1% 0.0%
Physical Science 74.7% 86.3% 93.1% 5.7%
Social Sciences 73.5% 92.4% 94.2% 4.9%
Theology 77.2% 66.7% 100.0% 4.4%
Therapy & Rehabilitation 83.6% 100.0% 100.0% 0.3%
         
Provincial Average 79.0% 93.6% 95.2% 4.0%
  1. Percent of year 1 students in bachelors or first professional degree programs in 2001 who subsequently received a degree between 2002 and 2008 in any program area.
  2. Percentage of 2007 graduates of bachelors or first professional degree programs who were employed 6 months and two years after graduation.
  3. Reflect the repayment status of students who were issued Ontario Student Loans in the 2006-2007 academic year and did not receive OSAP loans (Canada Student Loan or Ontario Student Loan) in 2007-2008. Typically, these students would have exited or completed their studies in 2007.
    Includes graduate students. 
  4. For employment rate, sample size of four or fewer individuals.
  5. Data not available / not reported.
  6. Number of Ontario Student Loans issued was less than 5.

Ministry of Training, Colleges and Universities: Universities' Key Performance Indicators