Official Cohort Default Rate
A cohort default rate is the percentage of a school's borrowers in the US who enter repayment on certain loans during a federal fiscal year (October 1 to September 30) and default prior to the end of the next one to two fiscal years. The United States Department of Education (ED) releases official cohort default rates once per year.
|
Year |
3-official |
Nat'l 3-YR |
|---|---|---|
|
2009 |
14.7 |
13.4 |
|
2010 |
18.2 |
14.7 |
|
2011 |
17.4 |
13.7 |
|
2012 |
12.3 |
11.8 |
|
2013 |
11.9 |
11.3 |
|
2014 |
9.7 |
11.5 |
|
2015 |
11.7 |
10.8 |
|
2016 |
9.8 |
10.1 |
|
2017 |
10.6 |
9.7 |
|
2018 |
6.4 |
7.3 |
|
2019* |
3.1 |
2.3 |
*2019 year was issued 10/1/2022.