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.