The information presented below is provided to help prospective students make an informed decision about attending Westminster. The degree completion rate, which is a measure of student success, and student indebtedness upon graduation are presented below. The ability of students to repay student loans upon leaving the seminary (whether through graduation or withdrawal) is measured by the cohort default rate expressed below.
Westminster's Degree Completion Rates - to be provided soon.
Graduate Borrowing
The table below represents the average total Stafford loan amounts borrowed by students during their time at seminary.
School
Degree Program |
All Graduates
Median / Mean |
Graduates with Loans
Median / Mean |
Westminster 2012 Graduates
M.Div
All Masters Programs
|
$0 / $5,529
$0 / $6,970 |
$23,905 / $28,032
$32,373 / $31,052 |
Other Seminary Graduates*
M.Div
All Masters Programs
|
N/A / N/A
$14,094 / $22,634 |
$34,083 / $38,525
$32,125 / $36,936 |
* Data provided with permission by Auburn Seminary, derived from the 2010 survey of seminary graduates.
Only about 20% of WTS students borrowed funds to pay for their seminary education. In comparison 62% of students graduating from other seminaries borrowed loan funds. In order to capture student borrowing the median and the mean averages of student indebtedness are represented above. The mean loan debt accumulated by M.Div. graduates in 2012 was $5,529. The standard repayment terms for this amount of debt (10 years at 6.8% interest rate) would result in a $64 payment per month.
Stafford Loan Default Rates
The "default rate" represents the percentage of students who have defaulted on their loans (stopped loan repayment) within two years of starting repayment. Many of the students included in the 2010 2-Year Cohort were 2009 graduates. The default rate for other private institutions like Westminster was also 5.2%.
