Cohort Default Rate
The cohort default rate is calculated using actual payment records of the student borrower. A 3-year cohort default rate is the percentage of a school’s borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year. Repayment begins 6 months after a student is no longer enrolled for at least 6 credit hours. Default occurs when a student is in repayment, but fails to make their payment for 270 days or more. Data from the most recent years is provided below. The numbers below represent the 3 year cohort default rate as well as the previously calculated 2 year cohort default rate which is no longer in use.
3 Year Rate:
| Academic Year Cohort |
Default Rate |
| 2019-20 (FY20) |
0.0% |
| 2018-19 (FY 19) |
1.3% |
| 2017-18 (FY 18) |
5.9% |
| 2016-17 (FY 17) |
6.3% |
| 2015-16 (FY 16) |
5.2% |
| 2014-15 (FY 15) |
6.1% |
| 2013-14 (FY 14) |
6.8% |
| 2012-13 (FY 13) |
8.6% |
| 2011-12 (FY 12) |
10.0% |
| 2010-11 (FY 11) |
12.4% |
| 2009-10 (FY 10) |
11.2% |
| 2008-09 (FY 09) |
6.3% |
2 Year Rate:
| Academic Year Cohort |
Default Rate |
| 2010-11 |
10.1% |
| 2009-10 |
5.2% |
| 2007-08 |
4.8% |
| 2006-07 |
5.0% |
| 2005-06 |
5.5% |
