Answered By: Bobray Bordelon Last Updated: Mar 31, 2017 Views: 47
According to this document, the U.S. Dept. of Education first issued Cohort Default Rates (CDR) in 1989. From 1989-2011, only 2-year CDRs were published. After a transition period during which both 2-year and 3-year CDRs were calculated, the U.S. Dept. of Education now calculates and publishes only 3-year CDRs. Separate cohort default rates are calculated for Federal Perkins Loans. Cohort Default Rate calculations do not include Direct PLUS Loans.
The Federal Student Aid office publishes recent default rates by school, lender, state and institution type, budget lifetime and cumulative lifetime, and Three-Year Cohort Default Rates.
- Older Cohort Default Rates, by School: http://www.ifap.ed.gov/DefaultManagement/press/
Additional Two- and Three-Year Cohort Default Rate Resources from the Project on Student Debt from the Institute for College Access & Success.
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