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Newly released numbers from the U.S. Department of Education show that SCO’s graduates are performing exceedingly well in their transition to optometric practice. Student loan cohort default rates for Southern College of Optometry remained at zero percent for the 18th consecutive year.
A cohort default rate represents the percentage of a college’s borrowers who have defaulted on their student loans. The national average was 13.7%, up from last year’s rate of 9.1%, yet SCO’s default rate remained at zero percent, an indication of the strong ability of SCO’s graduates to pay back their loans.“
This is great news,” said Cindy Garner, SCO’s Director of Financial Aid. “Our graduates continue to have great success practicing optometry and repaying their student loans. The cohort default rate is an important measure of a school’s overall quality. It reflects our success in preparing our students to practice optometry. This is a great accomplishment and it reflects admirably on each member of the SCO family.”
SCO’s Financial Aid Office actively works with students to provide them strategies to manage their student indebtedness levels. From budgeting workshops to one-on-one sessions with a financial aid counselor, the college is committed to partnering with students to ensure their success in optometry. Student scholarships provided by SCO’s alumni and friends also play an important part in managing student debt levels.