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Debt and Loan Default Rate

Debt and loan default rate charts

The National Student Loan Data System uses a 3-year cohort default rate as its reporting structure. A school's cohort default rate is the percentage of a school's federal student loan borrowers who enter repayment within the cohort fiscal year (denominator) and default (or met other specified condition) (numerator) within the cohort default period. A cohort fiscal year is the same as a federal fiscal year, which begins on October 1 of a year and ends on September 30 of the following year. The cohort default period is the three-year period that begins on October 1.