Posted Date: June 6, 2014

Author:  Brenda Wensil, Acting Chief Risk Officer, Risk Management, Federal Student Aid

Subject: Default Rates for Cohort Years 2007-2011

Attached is an explanation of four types of federal student loan default rates measured by the Department and a summary of these rates for the cohort years 2007-2011. The four types of rates are the 2-Year and 3-Year Cohort Default Rates, the Budget Lifetime Default Rate (as reflected in the latest estimates as of July 2013), and the Cumulative Lifetime Default Rate.

Attachments/Enclosures:

Explanation of Default Rates in PDF Format, 15KB, 1 Page

Default Rates for Cohort Years 2007-2011 in PDF Format, 30KB, 2 Pages

   

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