Posted Date: December 20, 2010
Katrina Turner, Director, Portfolio Performance Division, Federal Student Aid
Subject: Default Rates for Cohort Years 2004-2008
Attached is an explanation of the three types of Default Rates and a summary of these rates for the Cohort Years 2004-2008. The three types of rates are Cohort Default Rate, Budget Lifetime Default Rate (as reflected in the latest estimates as of July 1, 2010), and Cumulative Lifetime Default Rate.
For additional information regarding these default rates, contact the Portfolio Performance Division Hotline at 202/377-4259. You may also e-mail firstname.lastname@example.org.