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Direct Loan and Federal Family Education Loan Programs

Institutional Default Rate Comparison of
FY 2005, 2006, and 2007 Cohort Default Rates

Note: These rates are accurate only as of September 14, 2009.

 

FY 2005

FY 2006

FY 2007

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 1,622 4.3% 78,040 1,803,195 1,646 4.7% 94,627 1,988,185 1,614 5.9% 102,919 1,721,629
Less than 2 yrs 145 5.2% 398 7,567 153 6.4% 529 8,178 144 7.5% 595 7,832
2-3 yrs 869 7.9% 36,717 463,007 878 8.4% 44,439 523,749 846 9.9% 48,287 483,721
4yrs(+) 608 3.0% 40,925 1,332,621 615 3.4% 49,659 1,456,258 624 4.3% 54,037 1,230,076
Private 1,771 2.4% 23,411 950,819 1,748 2.5% 26,735 1,055,567 1,718 3.7% 29,558 778,296
Less than 2 yrs 52 9.0% 401 4,434 56 10.0% 359 3,589 46 12.6% 449 3,538
2-3 yrs 220 6.7% 1,467 21,819 190 6.1% 1,122 18,278 188 8.1% 1,204 14,798
4yrs(+) 1,499 2,3% 21,543 924,566 1,502 2.4% 25,254 1,033,700 1,484 3.6% 27,905 759,960
Proprietary 1,906 8.2% 60,379 730,385 1,988 9.7% 82,995 855,523 2,008 11.0% 92,731 838,328
Less than 2 yrs 974 8.9% 12,737 141,953 1,008 10.9% 15,426 140,302 1,039 12.0% 15,603 129,627
2-3 yrs 690 9.3% 22,500 240,545 728 11.1% 29,976 267,869 702 12.5% 33,030 262,640
4 yrs(+) 242 7.2% 25,142 347,887 252 8.4% 37,593 447,352 267 9.8% 44,098 446,061
Foreign 457 1.0% 121 11,156 466 1.2% 150 12,359 435 2.2% 163 7,276
Unclassified 1 0.0% 0 29 1 0.0% 0 6 1 0.0% 0 5
Total 5,757 4.6% 161,951 3,495,584 5,849 5.2% 204,507 3,911,640 5,776 6.7% 225,371 3,345,534

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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