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Graduation, Employment and OSAP Loan Default Rates 2012

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 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 CCI Research.

Table 1 summarizes the results for the University of Toronto. Table 2 summarizes the results for all universities in Ontario.

Please note:

“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.

“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, MTCU commissioned a survey of all 2009 graduates of undergraduate degree programs. Graduates were asked 11 questions regarding their employment situation six months and two years after graduation. Of the 68,698 graduates who were surveyed, 24,096 or 35.1% responded. The response rate for University of Toronto graduates was 36.4%.

The overall employment rate for 2009 graduates of U of T’s undergraduate degree programs was 85.1% six months after graduation and 91.7% 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 calculates graduation rates by identifying 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 2003 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 2004-2010.

At U of T, the graduation rate for the 2003 entering undergraduate cohort was 83.2% (compared to a system average of 81.0%).

Default Rates

The 2011 default rates reflect the repayment status of students (undergraduate and graduate) who were issued Ontario Student Loans in the 2008-09 academic year, did not receive an Ontario Student Loan in 2009-10, and who were in a default position in July, 2011. For the purpose of calculating default rates, student loan recipients/defaulters are assigned to the last institution/program they attended in 2007-08.

The 2011 default rate for Ontario student loan recipients in all programs at U of T was 3.3%. This compares to 3.7% for all programs at Ontario universities. It is important to note that the data may include student loans from more than one program as well as programs from other universities in Ontario and across Canada.

In 1998 U of T, which provides over $150 million in student aid (scholarships, fellowships and bursaries) annually, 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

  Graduation Employment Rate2 Default
Program Rate1 6 months 2 years Rate3
         
Agriculture & Biological Science 75.0% 78.2% 88.4% 5
Architecture & Landscape Architecture 5 4 100.0% 0.0%
Business & Commerce 81.8% 84.1% 94.0% 1.6%
Computer Science 82.5% 85.5% 98.2% 1.7%
Dentistry 98.5% 100.0% 100.0% 0.0%
Education 98.9% 89.4% 94.8% 0.3%
Engineering 88.7% 84.7% 92.0% 1.3%
Fine Arts 79.2% 84.8% 92.1% 5.9%
Food Science 5 5 5 5
Forestry 5 4 4 6
Humanities 75.3% 84.0% 87.8% 1.2%
Journalism 5 5 5 5
Kin/Rec/PhysEd 89.9% 90.3% 94.4% 12.0%
Law 95.0% 94.0% 92.5% 0.0%
Mathematics 73.7% 73.0% 87.5% 5
Medicine 97.0% 100.0% 100.0% 0.0%
Nursing 98.2% 93.6% 100.0% 0.0%
Other Arts & Science 79.0% 77.7% 87.1% 4.6%
Other Education 5 5 5 0.0%
Other Health Professions 5 81.2% 93.9% 1.3%
Pharmacy 95.9% 98.9% 98.9% 0.0%
Physical Sciences 75.9% 74.1% 97.0% 5
Social Sciences 81.0% 83.7% 89.5% 2.2%
Theology 80.4% 5 5 7.1%
Therapy & Rehab 5 5 5 1.0%
U of T Average 83.2% 85.1% 91.7% 3.3%
  1. Percent of year 1 students in bachelors or first professional degree programs in 2003 who subsequently received a degree between 2004 and 2010 in any program area.
  2. Percentage of 2009 graduates of bachelors or first professional degree programs who were employed 6 months and two years after graduation.
  3. OSAP default rate reflects the July 2011 repayment status of students who were issued Ontario Student Loans in 2008-09 and did not receive OSAP funding in 2009-10. Typically, these students would have exited studies at the end of the 2008-09 academic year. Includes undergraduate and 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

  Graduation Employment Rate2 Default
Program Rate1 6 months 2 years Rate3
         
Agriculture & Biological Science 81.5% 84.1% 90.2% 3.1%
Architecture & Landscape Architecture 87.3% 89.4% 96.1% 1.4%
Business & Commerce 81.1% 88.6% 95.6% 2.6%
Computer Science 71.4% 85.6% 96.2% 2.9%
Dentistry 96.6% 100.0% 97.4% 0.0%
Education 98.3% 88.0% 94.1% 1.1%
Engineering 82.8% 83.7% 93.8% 2.2%
Fine Arts 74.2% 82.8% 90.4% 4.9%
Food Science 88.2% 91.2% 95.0% 1.9%
Forestry 68.0% 77.8% 100.0% 0.0%
Humanities 76.1% 87.3% 90.7% 4.2%
Journalism 81.7% 81.5% 93.3% 0.0%
Kin/Rec/PhysEd 85.2% 92.0% 94.4% 4.0%
Law 93.1% 93.0% 94.5% 1.4%
Mathematics 79.7% 82.1% 93.1% 0.0%
Medicine 97.7% 98.6% 99.1% 0.0%
Nursing 89.2% 95.1% 98.9% 2.0%
Optometry 100.0% 100.0% 97.0% 0.0%
Other Arts & Science 78.7% 87.2% 90.2% 5.3%
Other Education 92.1% 5 5 0.0%
Other Health Professions 86.5% 87.1% 93.4% 3.2%
Pharmacy 95.9% 98.9% 98.9% 0.0%
Physical Sciences 73.1% 82.9% 89.5% 0.0%
Social Sciences 76.0% 86.2% 91.2% 4.7%
Theology 80.0% 95.2% 100.0% 4.8%
Therapy & Rehab 90.1% 100.0% 100.0% 0.3%
Vet Medicine 100.0% 97.6% 100.0% 0.0%
Average 81.0% 87.5% 93.1% 3.6% 4
  1. Percent of year 1 students in bachelors or first professional degree programs in 2003 who subsequently received a degree between 2004 and 2010 in any program area.
  2. Percentage of 2009 graduates of bachelors or first professional degree programs who were employed 6 months and two years after graduation.
  3. OSAP default rate reflects the July 2011 repayment status of students who were issued Ontario Student Loans in 2008-09 and did not receive OSAP funding in 2009-10. Typically, these students would have exited studies at the end of the 2008-09 academic year. Includes undergraduate and graduate students.
  4. Total default rate also includes students who were not matched to a particular program.
  5. Data not available / not reported.

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