Posted Date: December 14, 2009

Author:  Susan Szabo, Chief Business Operations Officer, Federal Student Aid

Subject: Default Rates for Cohort Years 2003-2007

Attached is an explanation of the three types of Default Rates and a summary of these rates for the Cohort Years 2003-2007. The three types of rates are Cohort Default Rate, Budget Lifetime Default Rate (as reflected in the latest estimates as of July 1, 2009), and Cumulative Lifetime Default Rate.

Contact Information

For additional information regarding these default rates, contact the Portfolio Performance Division Hotline at 202/377-4259. You may also e-mail fsa.schools.default.management@ed.gov.

Attachments/Enclosures:

Explanation of Default Rates in PDF Format, 55KB, 1 page

Default Rates for Cohort Years 2003-2007 in PDF Format, 29KB, 1 page

   

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