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Direct Loan and Federal Family Education Loan Programs

Institutional Default Rate Comparison of
FY 2007, 2008, and 2009 Cohort Default Rates

Note: These rates are accurate only as of September 12, 2011.

 

FY 2007

FY 2008

FY 2009

Institution Type

# of Schools

Borrower Default Rate

# of
Borrowers Defaulted

# of Borrowers Entered Repayment

# of Schools

Borrower Default Rate

# of
Borrowers Defaulted

# of Borrowers Entered Repayment

# of Schools

Borrower Default Rate

# of
Borrowers Defaulted

# of Borrowers Entered Repayment

Public 1,614 5.9% 102,919 1,721,629 1,618 6.0% 104,292 1,720,664 1,627 7.2% 128,121 1,778,903
Less than 2 yrs 144 7.5% 595 7,832 145 6.7% 523 7,736 142 9.9% 749 7,548
2-3 yrs 846 9.9% 48,287 483,721 848 10.1% 49,331 487,436 855 11.9% 62,234 520,256
4yrs(+) 624 4.3% 54,037 1,230,076 625 4.4% 54,438 1,225,492 630 5.2% 65,138 1,251,099
Private 1,718 3.7% 29,558 778,296 1,702 4.0% 30,620 761,129 1,706 4.6% 38,718 825,221
Less than 2 yrs 46 12.6% 449 3,538 45 14.1% 537 3,794 43 14.5% 605 4,148
2-3 yrs 188 8.1% 1,204 14,798 180 8.2% 1,167 14,157 172 10.0% 1,507 15,039
4yrs(+) 1,484 3.6% 27,905 759,960 1,477 3.8% 28,916 743,178 1,491 4.5% 36,606 806,034
Proprietary 2,008 11.0% 92,731 838,328 2,118 11.6% 103,764 889,034 2,147 15.0% 152,862 1,015,855
Less than 2 yrs 1,039 12.0% 15,603 129,627 1,105 12.4% 15,418 123,454 1,110 13.7% 18,031 130,936
2-3 yrs 702 12.5% 33,030 262,640 723 12.6% 34,538 272,215 732 14.8% 42,893 289,546
4 yrs(+) 267 9.8% 44,098 446,061 290 10.9% 53,808 493,365 305 15.4% 91,938 595,373
Foreign 435 2.2% 163 7,276 421 2.2% 176 7,902 425 5.5% 493 8,862
Unclassified 1 0.0% 0 5 1 0.0% 0 5 1 0.0% 0 5
Total 5,776 6.7% 225,371 3,345,534 5,860 7.0% 238,852 3,378,734 5,906 8.8% 320,194 3,628,846

This table reflects all borrowers who entered repayment during the given fiscal year as reported to the National Student Loan Data System (NSLDS). Some of these borrowers attended schools that are no longer eligible for Title IV program participation. The information provided in the downloadable or searchable reports on this website is limited to schools that, at the time of the most recent calculation, were eligible for participation in the Title IV programs. Therefore, since this table is based on a larger population, totals derived from the downloadable or searchable reports will not fully reconcile with the figures above.

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