Cohort Default Rate

2 Year 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.

2 Year Rate:

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[av_row row_style=’avia-heading-row’][av_cell col_style=”]Academic Year Cohort[av_cell col_style=”]Default Rate
[av_row row_style=”][av_cell col_style=”]2019-20 (FY20)[av_cell col_style=”]0.0%
[av_row row_style=”][av_cell col_style=”]2018-19 (FY 19) [av_cell col_style=”]1.3%
[av_row row_style=”][av_cell col_style=”]2017-18 (FY 18)[av_cell col_style=”]5.9%
[av_row row_style=”][av_cell col_style=”]2016-17 (FY 17)[av_cell col_style=”]6.3%
[av_row row_style=”][av_cell col_style=”]2015-16 (FY 16)[av_cell col_style=”]5.2%
[av_row row_style=”][av_cell col_style=”]2014-15 (FY 15)[av_cell col_style=”]6.1%
[av_row row_style=”][av_cell col_style=”]2013-14 (FY 14)[av_cell col_style=”]6.8%
[av_row row_style=”][av_cell col_style=”]2012-13 (FY 13)[av_cell col_style=”]8.6%
[av_row row_style=”][av_cell col_style=”]2011-12 (FY 12)
[av_cell col_style=”]10.0%
[av_row row_style=”][av_cell col_style=”]2010-11 (FY 11)[av_cell col_style=”]12.4%
[av_row row_style=”][av_cell col_style=”]2009-10 (FY 10)[av_cell col_style=”]11.2%
[av_row row_style=”][av_cell col_style=”]2008-09 (FY 09)[av_cell col_style=”]6.3%

2 Year Rate:

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[av_row row_style=’avia-heading-row’ av_uid=’av-8iqeu2k’][av_cell col_style=” av_uid=’av-7w08ykc’]Academic Year Cohort[av_cell col_style=” av_uid=’av-7nfnzq4′]Default Rate
[av_row row_style=” av_uid=’av-72w16ws’][av_cell col_style=” av_uid=’av-6uj2km4′]2010-11[av_cell col_style=” av_uid=’av-61j79oc’]10.1%
[av_row row_style=” av_uid=’av-5mjyz30′][av_cell col_style=” av_uid=’av-1ww3z0′]2009-10[av_cell col_style=” av_uid=’av-4p8coak’]5.2%
[av_row row_style=” av_uid=’av-4fl4oak’][av_cell col_style=” av_uid=’av-3t3nq7w’]2007-08[av_cell col_style=” av_uid=’av-3flh5mk’]4.8%
[av_row row_style=” av_uid=’av-bb8r24′][av_cell col_style=” av_uid=’av-2q571mk’]2006-07[av_cell col_style=” av_uid=’av-21sqtzw’]5.0%
[av_row row_style=” av_uid=’av-1idh7zw’][av_cell col_style=” av_uid=’av-1d3987w’]2005-06[av_cell col_style=” av_uid=’av-2t7y4c’]5.5%