Posted Date:December 14, 2009
|Author:||Susan Szabo, Chief Business Operations Officer, Federal Student Aid|
Subject: Default Rates for Cohort Years 2003-2007
Attached is an explanation of the three types of Default Rates and a summary of these rates for the Cohort Years 2003-2007. The three types of rates are Cohort Default Rate, Budget Lifetime Default Rate (as reflected in the latest estimates as of July 1, 2009), and Cumulative Lifetime Default Rate.
For additional information regarding these default rates, contact the Portfolio Performance Division Hotline at 202/377-4259. You may also e-mail firstname.lastname@example.org.