The U.S. Department of Education releases official cohort default rates once per year. ÌýA cohort default rate is the percentage of a school's borrowers who enter repayment on certain William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.
Ìý
ÍÃ×ÓÏÈÉú´«Ã½ÎÄ»¯×÷Æ· Three-Year Cohort Default Rate
Fiscal Year |
Cohort Default Rate |
2020 |
0.0% |
2019 |
1.1% |
2018 |
2.4% |
2017 |
3.0% |
2016 |
3.2% |
2015 |
3.1% |
2014 |
3.1% |
Note: The 2020 rate is 0.0% due to suspension of loan payment requirements during the national COVID-19 emergency.Ìý This also affected FY 2019 and FY 2018 rates since these cohorts were still in their respective 3-year default rate windows when payment requirements were suspended in March, 2020.
National and Local Comparison
Fiscal Year |
2020 |
2019 |
2018 |
2017 |
2016 |
2015 |
2014 |
National |
0.0% |
2.3% |
7.9% |
9.7% |
10.1% |
10.8% |
11.5% |
National four year public |
0.0% |
1.8% |
5.4% |
7.1% |
6.8% |
7.1% |
7.5% |
Colorado |
0.0% |
2.4% |
6.3% |
9.4% |
10.8% |
11.6% |
11.3% |
ÍÃ×ÓÏÈÉú´«Ã½ÎÄ»¯×÷Æ· |
0.0% |
1.1% |
2.4% |
3.0% |
3.2% |
3.1% |
3.1% |
Detailed reports