Key Performance Indicator and Loan Default Rates
Key Performance Indicator Survey for Graduates
As a Trillium College graduate, you will be contacted in a few months’ time regarding your participation in the Key Performance Indicator (KPI) Graduate Satisfaction Survey.
You will be receiving a call in approximately 6 months’ time from your graduation date from FORUM RESEARCH CANADA, a research firm contracted by the Ministry of Advanced Education and Skills Development.
This firm will be collecting information for the Key Performance Indicator (KPI) Graduate Satisfaction Survey, to be followed by the KPI Employer Satisfaction Survey. The purpose of these provincial surveys is to measure Trillium College College’s effectiveness in preparing you for the workplace. The results have an impact on both the college’s level of provincial funding as well as determining future curriculum and program direction. Forum Research Canada requires your consent to contact your employer for their input to the employer survey.
If you missed the call, please call back at toll free number: 1-877-603-6786.
We encourage you and your employer to participate it will make a difference for all Trillium College graduates.
Measuring Success after Graduation is important, common indicators of this success is answered with questions like;
How many students successfully graduate from private career colleges?
Do graduates find jobs and are these jobs related to their training?
How many students pay back their student loans?
Since 2013, Ontario’s private career colleges – or PCCs – have worked with the ministry and its partners to gather data to answer these questions. The data is used to develop measurable values called key performance indicators – or KPIs.
KPIs show how graduates have fared after graduating from PCC vocational programs. They help future students make more informed decisions about their postsecondary education and help institutions identify areas of strength and weakness and opportunities for improvement.
The KPI Process
Under the authority of the Private Career Colleges Act, 2005, the Superintendent of Private Career Colleges issued a policy directive setting out five PCC KPIs:
* Graduation Rate
* Graduate Employment Rate
* Graduate Employment Rate in Field of Study
* Graduate Satisfaction Rate
* Employer Satisfaction Rate
Graduation rate is calculated from audited data submitted by PCCs three times per year. The other four KPIs are calculated from surveys taken by graduates and their employers. The ministry also calculates Ontario Student Assistance Program (OSAP) loan default rates for PCCs approved to accept OSAP-assisted students, which are also considered a performance indicator for the sector.
Published 2013 results include graduation rate, graduate employment rate, graduate employment rate in field of study and loan default rates. Graduate and employer satisfaction rates will also be published, beginning with 2014 results.
For the 2013 and 2014 cycles, only PCCs with OSAP-approved programs were required to participate in the KPI process. All PCCs are included in the 2015 cycle.
Recent KPI Results
2014 Loan Default Rates
The 2014 default rates reflect the repayment status of students who were issued Canada-Ontario Integrated Student Loans in the 2011-12 academic year and completed or exited their studies by 2012-2013. The status of these loans was assessed as of July 2014 or about two years after the student was expected to begin repayment.
You can learn more on this website about how 2014 default rates work.