OAKWOOD, VA (OCTOBER 27, 2020) – The Appalachian College of Pharmacy has been recognized in LendEDU’s second annual report on student loans showing ACP students had a 0.00 percent student loan default rate, ranking it as number one in the state of Virginia and in the country.
A total of 137 institutions of 4,398 examined nationwide are listed in the report with a zero student loan default rate. In Virginia, three others achieved a zero default rate, including the Edward Via Virginia College of Osteopathic Medicine (VCOM) in Blacksburg, ACP’s sister institution.
“We are proud of our alumni for whom this designation speaks volumes about,” said ACP Dean Susan Mayhew. “Having a zero default rate on student loans means not only that our students are graduating and finding employment after graduation, but also that they are fiscally responsible in the management of their resources and payment of their student debts.
“We often talk about ACP’s $100K Advantage since our three-year program leading to the doctor of pharmacy degree gets our students through with their degree sooner, lessening the amount of debt they accrue and secondly, our program gets them into the workforce and earning money a year sooner than students who might choose to go through a four-year program somewhere else,” Mayhew continued, adding, “ACP continues to offer Virginia’s only three-year doctor of pharmacy program.”
The data released and analyzed by Lendedu came from the Department of Education and examined the most recent statistics available, which was for 2017. ACP also had a 0.00 student loan default rate in 2016.
According to Lendedu, the national student loan default rate for fiscal 2017 was 9.70 percent. For-profit institutions had the highest collective student loan default rate (14.70 percent), followed by public institutions (9.30 percent) and private institutions (6.70 percent).
To view the full report issued by Lendedu, interested persons may visit https://lendedu.com/blog/student-loan-default-rates-by-school-state-2020/.
The Appalachian College of Pharmacy is the only three-year Doctor of Pharmacy program in the Commonwealth of Virginia. Founded in 2003, the college accepted its first students in 2005. It is accredited by the Accreditation Council for Pharmacy Education (ACPE) and the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC). Its mission is to cultivate a learning community committed to education, community outreach and the professional development of pharmacists. Its graduate pharmacists are now practicing throughout the United States.
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