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WSC Cohort Default Rate

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or 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.  The U.S. Department of Education releases official cohort default rates once per year. The FY 2015 official cohort default rates were delivered to both domestic and foreign schools on September 24, 2018, electronically via the eCDR process.

Fiscal Year 2015 Official
# of Schools Borrower Default Rate (%) # of Borrowers Defaulted # of Borrowers Entered Payment
National Average 2-3 Year Schools
1,660 10.3%  269,876 2,616,327
WSC 10.5% 20 190
Fiscal Year 2014 Official
# of Schools Borrower Default Rate (%) # of Borrowers Defaulted # of Borrowers Entered Payment
National Average 2-3 Year Schools 1,663 11.3% 303,389 2,678,811
WSC 13.2% 24 181
Fiscal Year 2013 Official
# of Schools Borrower Default Rate (%) # of Borrowers Defaulted # of Borrowers Entered Payment
National Average 2-3 Year Schools 1,765 11.3% 305,516 2,691,995
WSC 13.1% 26 197


Data Sources: 
WSC Default Rate
National Average Default Rate