Harris Institute Program Achieves Sixth 0% Loan Default Rate
TORONTO, Sept. 19, 2013 /CNW/ - Harris Institute's Arts Management Program (AMP) has achieved an unprecedented 0% Student Loan Default Rate for the sixth time in eight years. The average default rate for all programs at Ontario's 132 Private Career Colleges eligible for student loans is 20.6%.
"We are very proud of this outstanding accomplished, especially considering the struggles the music industry has endured in recent years," says the college's president, John Harris. "The outcome is due to our exceptional faculty preparing graduates for a wide range of careers related to music".
Two graduates of the program are involved with this week's #1 Billboard Hot 100 hit, "Wrecking Ball" by Miley Cyrus. Jamie Porter manages Stephan Moccio who co-wrote the song and Sven Heidinga, who is a graduate of both the Arts Management Program and the Audio Production Program, co-engineered the recording.
The Arts Management Program is the only Canadian program included in Billboard Magazine's August 24, 2013 education feature Rock Enroll - "the top music business programs in North America" and it was featured in Jim Lamarche's 'Report Card on Media Arts Education in Canada' with "Harris gets top marks for their AMP program and I would recommend it hands down over any other school". For complete 'Report Card' click here
The Ministry of Training, Colleges and Universities posts the 'Key Performance Indicator' (KPI) for Student Loan Default Rates at postsecondary institutions annually "to provide a picture for prospective students in choosing programs with successful outcomes. Higher default rates are an indication of greater financial risk". See default rates for all programs in Ontario since 2005 at www.tcu.gov.on.ca/pepg
"Student loan defaults have become a major problem in both Canada and the United States," says Harris. "Taxpayers in the end pay the shortfall and we are very proud that Harris Institute has one of the lowest average Student Loan Default Rates of all postsecondary institutions in North America over the last eight years."
Harris Institute is one of only two postsecondary schools in Canada to achieve three 0% Student Loan Default Rates. The college was founded in 1989 and was the first to introduce accelerated one-year diploma programs taught by active industry leaders. It recently announced an expansion of the accelerated approach in partnership with the University of the West of Scotland. Harris students can earn a Diploma, Degree and Master's Degree in 32 months with full scholarships for the Degree and partial scholarships with accommodation bursaries for the MA in Scotland.
SOURCE Harris Institute
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