Formal Cohort Default Rates to possess Colleges

An effective cohort default rates ‘s the part of an excellent school’s borrowers which go into cost for the certain Federal Members of the family Education loan (FFEL) Program or William D. Ford Government Lead Loan (Head Financing) Program funds during a particular government financial year (FY), October. 1 to help you Sept. 30, and you can standard or satisfy most other given requirements prior to the avoid of one’s 2nd pursuing the financial seasons. (more…)