Maintained for Historical Purposes

This resource is being maintained for historical purposes only and is not currently applicable.

(Loans) Subject: Default Rates for Cohort Years 2002-2006

Posted Date: December 09, 2008

Author: Sybil Phillips, Service Director, Portfolio Performance Management, Federal Student Aid

Subject: Default Rates for Cohort Years 2002-2006

Attached is an explanation of the three types of Default Rates and a summary of these rates for the Cohort Years 2002-2006. The three types of rates are Cohort Default Rate, Budget Lifetime Default Rate (as reflected in the latest estimates as of July 1, 2008), and Cumulative Lifetime Default Rate.

Last Modified: 12/08/2008