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A cohort default rate (CDR) is an accountability metric for US colleges that are eligible for federal Pell Grants and student loans.It measures the percentage of a school's borrowers who enter repayment on federal student loans during a federal fiscal year (October 1 to September 30) and default in the next three years. [1]
In 2019, the U.S. Department of Education reported that Empire College's 3-year cohort default rate for FY 2016 had dropped to 4.1 percent, [6] a rate lower than that of Santa Rosa Junior College (8.5 percent) and the national average (10.1 percent).
The weighted average of CCi's institutions was 19.0%, a 9.0 percentage point decrease from the 28.0% weighted average for the three-year cohort default rate for students who entered repayment during the prior fiscal year. [52] For the 2010 Cohort, none of CCi's institutions exceeded the default threshold set by the U.S. Department of Education ...
For context, U.S. inflation hit a 40-year high in June of 2022. In an effort to temper inflation issues, the Fed increased interest rates 11 times over the course of a year and a half, making ...
2023 loan default rates rise as inflation remains high. ... Given that the Fed hiked rates to a level not seen in 22 years at a historically fast rate, this slowdown could be interpreted as a much ...
The three-year repayment rate for each school that receives Title IV funding is available at DOE's College Scorecard. [96] This number may be a poor indicator of the overall default rate: some schools place loans into forbearance, deferring loans beyond the three-year window to present a low default rate. [97] [98]
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For-profit institutions had the highest average three-year default rates at 22.7 percent, and public institutions rates were 11 percent and private non-profit institutions at 7.5 percent. More than 3.6 million borrowers from over 5,900 schools entered repayment during 2008–2009, and approximately 489,000 of them defaulted.