Cohort Default Rate

What is a Cohort Default Rate?

A cohort default rate is the percentage of a school’s borrowers who enter repayment on federal student loans during a particular fiscal year, Oct 1 to Sept. 30, and default within the cohort default period.

The Department of Education calculated the school’s cohort default rate by dividing the number of borrowers from the school entering repayment in a cohort year and default within a 3-year period divided by the number of borrowers from the school entering repayment in the cohort year.