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Federal Campus-Based Programs Data Book 1997

Federal Perkins Loan Program
Status of Cohort Default as of June 30, 1996

  # of
Inst.		 (A)
Borrowers Who
Entered Repayment
Status in 1993-94		 (B)
Borrowers From
(A) in Default on
June 30, 1995		 (C)

Cohort
Default Rate

 (D)
Borrowers in
Default More
Than 240 Days		 (E)
Principal Outstanding
on Loans in Default
More Than 240 Days
             
Alabama 39   4,093   704   17.20   17,123   $18,169,724  
Alaska 3   179   68   37.98   329   550,556  
Arizona 44   4,304   931   21.63   7,470   10,494,451  
Arkansas 24   2,515   325   12.92   6,147   7,454,741  
California 259   36,799   5,001   13.59   38,387   68,486,740  
Colorado 49   8,052   937   1.63   8,371   12,412,531  
Connecticut 40   4,107   672   16.36   7,020   10,402,468  
Delaware 8   884   74   8.37   901   1,199,118  
District of Columbia 11   2,328   276   11.85   3,320   5,656,080  
Florida 80   10,306   1,675   16.25   15,668   23,719,290  
Georgia 67   6,560   1,244   18.96   13,424   15,801,597  
Hawaii 13   1,001   174   17.38   1,328   2,549,909  
Idaho 9   2,215   280   12.64   2,408   3,472,823  
Illinois 103   15,550   1,753   11.27   20,067   30,642,137  
Indiana 55   10,163   1,042   10.25   9,027   15,402,981  
Iowa 54   9,209   942   10.22   9,069   13,027,893  
Kansas 41   5,778   698   12.08   7,138   11,059,199  
Kentucky 46   5,583   665   11.91   8,569   10,647,192  
Louisiana 34   4,745   891   18.77   15,887   17,372,657  
Maine 24   3,598   314   8.72   2,996   5,044,468  
Maryland 45   6,226   671   10.77   7,782   10,895,816  
Massachusetts 106   17,192   1,839   10.69   23,305   35,549,234  
Michigan 70   16,375   1,902   11.61   21,466   26,876,549  
Minnesota 53   9,591   836   8.71   7,778   14,427,296  
Mississippi 28   3,423   594   17.35   17,343   15,370,011  
Missouri 68   9,992   1,414   14.15   11,952   17,298,377  
Montana 12   2,445   168   6.87   2,198   3,115,251  
Nebraska 25   4,501   437   9.7   3,480   4,877,673  
Nevada 8   592   76   12.83   501   765,431  
New Hampshire 23   3180   408   12.83   3,087   5,468,721  
New Jersey 50   9,002   1,204   13.37   14,319   18,907,488  
New Mexico 13   3,038   338   11.12   4,192   6,159,817  
New York 196   31,435   3,964   12.61   57,618   88,682,566  
North Carolina 76   7901   912   11.54   17,564   23,766,194  
North Dakota 18   3,272   274   8.37   2,963   4,558,058  
Ohio 109   20,773   2,526   12.16   28,029   39,552,022  
Oklahoma 44   5,321   989   18.58   10,937   13,754,783  
Oregon 40   8,670   957   11.03   9,442   14,991,509  
Pennsylvania 135   25,500   2,948   11.56   29,133   41,277,476  
Puerto Rico 9   5,232   839   16.03   8,135   5,861,955  
Rhode Island 12   3,772   406   10.76   4,392   7,072,832  
South Carolina 45   4,003   468   11.69   7,322   8,358,639  
South Dakota 16   2,881   303   10.51   2,878   3,901,890  
Tennessee 62   5,660   845   14.92   14,611   18,607,447  
Texas 134   11,585   1,957   16.89   25,432   38,779,950  
Utah 15   3,324   260   7.82   2,142   3,930,264  
Vermont 18   3,144   364   11.57   2,894   4,741,078  
Virginia 59   7,656   1,021   13.33   11,224   16,601,874  
Washington 40   7,329   785   10.71   6,439   11,866,787  
West Virginia 33   4,236   609   14.37   7,209   1,361,167  
Wisconsin 37   10,062   699   6.94   7,667   15,135,677  
Wyoming 6   1,173   155   13.21   2,304   3,441,040  
Virgin Islands 1   70   21   30   67   49,580  
TOTAL 2,609   396,525   49,855   12.57   570,454   818,571,007  


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[Federal Perkins Loan Program Status of Cohort Default as of June 30, 1996] [Table of Contents] [Federal Perkins Loan Program Cumulative Cancellations Reported for Death, Disability and Bankruptcy as of June 30, 1996]