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Cohort Default Rates

Published by Office of Federal Student Aid (FSA) | Department of Education | Metadata Last Checked: August 02, 2025 | Last Modified: 2023-07-19T19:53:42.359004
A 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, as calculated by Federal Student Aid using data derived from the National Student Loan Data System (NSLDS).

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