Cohort Default Rate

A cohort default rate is the percentage of a school’s student 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), Oct. 1 to Sept. 30, and default or meet other specified conditions prior
to the end of the next fiscal year. Please refer to the Cohort Default Rate Guide
for a more in-depth description of cohort default rates and how the rates are calculated.

Cohort Default Rate by Fiscal Year

  • FY 2020:  0.0
  • FY 2019:  3.1%
  • FY 2018:  9.5%
  • FY 2017: 11.9%


Cohort Default Rate Guide