Official Cohort Default Rates for

Lenders and Guaranty Agencies
Fiscal Years 2005 through 2007

Each year the Department publishes cohort default rates based on the percentage of a lender's or guarantor's student borrowers who enter repayment on FFEL program loans during a federal fiscal year (October 1 - September 30) and default before the end of the next fiscal year.

The Department of Education releases official cohort default rates once per year. The FY 2007 official cohort default rates were mailed to lenders and guarantors on September 14, 2009. During a press release on September 14, Secretary Duncan announced that the FY 2007 national cohort default rate average is 6.7 percent.

To search the cohort default rate database for one or more lenders or guarantors:

Search fiscal year 2007    

Search fiscal year 2006    

Search fiscal year 2005