Posted Date: August 20, 2013
Fred Anderson, Chief Risk Officer, Risk Management, Federal Student Aid
Subject: Default Rates for Cohort Years 2006-2010
Attached is an explanation of four types of federal student loan default rates measured by the Department of Education and a summary of these rates for the cohort years 2006-2010. 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 2012), and the Cumulative Lifetime Default Rate.