Cohort Default Rate
What is a cohort default rate?
A cohort default rate (CDR) is the percentage of a school’s borrowers who enter repayment on federal student loans during a fiscal year and default within the cohort default period.
The Department of Education calculates the school’s cohort default rate by dividing the number of borrowers from the school entering repayment in a cohort year and default within a 3 year period divided by the number of borrowers from the school entering repayment in the cohort year.
Cohort Fiscal Year 2015 Calculation
Borrowers who entered repayment in 2015 and defaulted in 2015, 2016, or 2017
Borrowers who entered repayment in 2015
|NIACC’s Cohort Default Rate|
|FY 2015||FY 2014||FY 2013|
|National Cohort Default Rate||Public 2 Year Average|
|FY 2015||FY 2015|