Graduation, Employment and OSAP Loan Default Rates 2004

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 placement rates, the University of Toronto is posting the three "OSAP Indicators" below. Graduation and default rates have been calculated by the MTCU using existing data sources while employment rate data was collected through a graduate survey conducted by the Ontario University Application Centre (OUAC).

 The data are published in 27 program categories. The following provides additional information regarding three particular categories used:

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

 "Other Education" -- includes students enrolled in Physical Education, Kinesiology, Recreation and Education programs in non-teaching fields.

 "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 2001 graduates of undergraduate degree programs. Graduates were asked 11 questions regarding their employment situation six months and two years after graduation. Of the 45,798 graduates who were surveyed, 13,125 or 28.7% responded.

 Table 1 indicates the employment rates for 2001 graduates of U of T's undergraduate programs, by program category, six months and two years after graduation. Table 2 indicates the same employment rates for all universities in Ontario. The overall employment rates for 2001 graduates of U of T's undergraduate degree programs is 91.8% six months after graduation and 95.7% two years after graduation. These compare to system-level rates of 93.6% six months after graduation and 95.8% two years after graduation. The employment rate is defined as the number of employed persons expressed as a percentage of the labour force where the labour force is those persons who were 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 or not they graduated within seven years. The methodology employed involves the selection of all new full-time, Year One undergraduate students on the official Fall 1995 enrolment file, who have a valid (and unique) student ID number, and were seeking either a bachelors or first professional degree. The subset was then matched against the records for students who received a degree (in any program) from the same institution during the period 1996-2002.

 Table 1 indicates the graduation rate for all programs at U of T is 79.7% (compared to 74.0% for all programs at all Ontario universities -- see Table 2). The 2004 Maclean's annual university rankings define graduation rate as the percentage of full-time, second-year undergraduates in first-entry programs who completed their degree within one year of the expected graduation date, which for U of T is 92.6%.

 Default Rates

 The 2003 default rates reflect the repayment status of students (undergraduate and graduate) who were issued Ontario Student Loans in the 2000-2001 academic year and did not receive an Ontario Student Loan in 2001-2002, and who defaulted on their repayment obligations approximately two years after graduation. Student loan recipients/defaulters are, for the purpose of calculating default rates, assigned to the last institution/program they attended in 2000-2001. The status of these loans was assessed as of July 2003 or about two years after entering into repayment.

 An Ontario Student Loan is in default when the Ontario government has paid the bank's claim for an inactive loan. A loan is inactive when no payments were made by the student for at least 90 days. Responsibility for recovery of defaulted accounts was transferred to private collection agencies in January 1999.

 Table 1 indicates the 2003 default rate for all programs at U of T is 5.5%. This compares to 7.1% for all programs at Ontario universities (see Table 2). As approximately 40% of U of T students receive OSAP, the number of graduates who have defaulted on loans represents less than 3% of the student population. It is also important to note when reviewing the data that they may include student loans from more than one program as well as programs from other universities in Ontario and across Canada.

 U of T, which provides over $108 million in student aid annually from its operating budget alone, in 1998 introduced a policy stating that no student should be prevented from entering or completing a program of study due to financial need. 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

ProgramGraduation
Rate (1)
Employment Rate (2)Default
Rate (3)
    6 months 2 years  
Agriculture/Bio Sci   91.2% 95.0% 3.9%
Architecture & Landscape Architecture 78.8% 86.7% 92.3% 0.0%
Business & Commerce 78.4% 93.0% 97.2% 3.6%
Computer Science 63.0% 88.0% 89.8% 0.7%
Dentistry 96.9% 100.0% 92.3% 0.0%
Education 99.0% 98.4% 99.4% 2.1%
Engineering 84.9% 86.9% 94.8% 2.8%
Fine Arts 74.5% 92.5% 94.9% 7.7%
Health Professions   95.2% 92.6% 1.6%
Humanities   90.3% 94.2% 8.1%
Kinesiology/Rec/Phys Ed 84.1% 89.5% 95.5% 6.1%
Law 95.7% 100.0% 95.5% 0.0%
Mathematics   85.7% 95.5% 2.9%
Medicine 99.4% 96.8% 97.1% 2.2%
Nursing 87.3% 100.0% 100.0% 0.0%
Other Arts & Science 73.5% 89.8% 100.0% 11.1%
Pharmacy 98.9% 100.0% 100.0% 0.0%
Physical Sciences   71.4% 87.5% 0.0%
Social Sciences 79.2% 90.0% 94.5% 6.3%
Theology 76.7% 4 4 7.1%
Therapy & Rehab 100.0% 100.0% 100.0% 0.0%
Not Reported       16.1%
         
U of T Average 79.7% 91.8% 95.7% 5.5%
  1. Percent of year 1 students in bachelors or first professional degree programs in 1995 who subsequently received a degree between 1996 and 2002 in any program area.
  2. Percentage of 2001 graduates of bachelors or first professional degree programs who were employed 6 months and two years after graduation.
  3. These 2003 default rates reflect the repayment status of students who were issued Ontario Student Loans in the 2000-2001 academic year and completed or exited their studies in 2001-2002. Includes graduate students in these programs.
  4. Sample size of four or fewer individuals.

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

 

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

ProgramGraduation
Rate (1)
Employment Rate (2)Default
Rate (3)
    6 months 2 years  
Agriculture/Bio Sci 72.40% 92.40% 95.10% 4.60%
Architecture & Landscape Architecture 77.00% 96.40% 96.00% 5.70%
Business & Commerce 74.40% 93.60% 96.30% 4.80%
Computer Science 66.50% 83.40% 91.20% 7.10%
Dentistry 98.20% 100.00% 95.00% 0.00%
Education 97.90% 97.00% 98.60% 2.40%
Engineering 76.90% 88.70% 95.80% 5.00%
Fine Arts 63.30% 91.30% 94.80% 8.70%
Food Science 86.10% 96.70% 98.90% 1.00%
Forestry 48.50% 100.00% 86.70% 0.00%
Humanities 66.00% 92.90% 95.50% 9.90%
Journalism 75.10% 96.00% 95.90% 3.00%
Kinesiology/Rec/Phys Ed 77.70% 96.60% 97.10% 4.00%
Law 90.90% 97.00% 90.10% 5.80%
Mathematics 73.10% 88.10% 94.60% 4.60%
Medicine 98.90% 98.30% 97.60% 1.40%
Nursing 79.60% 99.70% 99.30% 4.50%
Optometry 100.00% 100.00% 100.00% 0.00%
Other Arts & Science 68.30% 92.60% 96.00% 12.30%
Health Professions 66.70% 95.90% 96.30% 1.60%
Pharmacy 98.90% 100.00% 100.00% 0.00%
Physical Sciences 68.80% 94.00% 91.50% 4.40%
Social Sciences* 65.80% 93.40% 94.90% 9.60%
Theology 75.90% 81.80% 100.00% 11.00%
Therapy & Rehab 95.20% 99.30% 97.70% 0.00%
Veterinary Medicine 98.00% 100.00% 100.00% 0.00%
         
Provincial Average 74.00% 93.60% 95.80% 7.10%
  1. Percent of year 1 students in bachelors or first professional degree programs in 1995 who subsequently received a degree between 1996 and 2002 in any program area.
  2. Percentage of 2001 graduates of bachelors or first professional degree programs who were employed 6 months and two years after graduation.
  3. These 2003 default rates reflect the repayment status of students who were issued Ontario Student Loans in the 2000-2001 academic year and completed or exited their studies in 2001-2002. Includes graduate students in these programs.

*Law included in Social Sciences for Carleton and Laurentian.

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