Federal Perkins Loan Program Status of Cohort Default as of June 30, 1998

Federal Campus-Based Programs Data Book 1998

Federal Perkins Loan Program
Status of Cohort Default as of June 30, 1998

(A) (B) (C) (D) (E)

Borrowers Who Entered Repayment Status in 1996-97 Borrowers From (A) in Default on June 30, 1998 Cohort Default Rate Borrowers in Default More Than 240 Days Principal Outstanding on Loans in Default More Than 240 Days

Alabama 3,898 638 16.37 17,837 $20,592,692

Alaska 60 10 16.67 210 256,582

Arizona 3,994 765 19.15 7,100 11,199,225

Arkansas 2,119 316 14.91 6,199 8,185,326

California 36,905 4,528 12.27 39,969 73,246,458

Colorado 8,249 884 10.72 9,061 14,246,949

Connecticut 3,997 473 11.83 6,224 9,779,703

Delaware 1,014 96 9.47 957 1,251,835

District of Columbia 2,118 235 11.10 3,460 6,711,959

Florida 10,671 1,821 17.06 17,241 26,923,562

Georgia 6,003 1,086 18.09 14,242 18,300,279

Hawaii 963 121 12.56 1,538 3,012,630

Idaho 2,389 341 14.27 2,421 3,524,449

Illinois 15,650 1,756 11.22 21,234 34,114,456

Indiana 11,133 1,343 12.06 10,564 18,814,165

Iowa 9,575 1,029 10.75 9,965 14,762,463

Kansas 5,550 775 13.96 8,518 14,254,702

Kentucky 5,273 665 12.61 8,985 12,583,953

Louisiana 4,306 702 16.30 15,774 18,568,801

Maine 3,605 390 10.82 3,546 6,229,114

Maryland 6,601 736 11.15 7,872 12,065,488

Massachusetts 18,213 2,002 10.99 23,435 36,310,218

Michigan 15,132 1,747 11.55 21,493 29,725,295

Minnesota 9,453 831 8.79 7,924 15,549,047

Mississippi 3,272 553 16.90 16,974 15,671,292

Missouri 9,626 1,316 13.67 13,374 21,216,988

Montana 2,387 228 9.55 2,689 4,085,741

Nebraska 4,666 573 12.28 3,812 5,424,718

Nevada 493 64 12.98 402 769,449

New Hampshire 3,546 458 12.92 4,044 7,141,869

New Jersey 7,421 1,030 13.88 14,767 21,185,834

New Mexico 3,082 394 12.78 4,644 7,444,480

New York 33,091 4,023 12.16 59,383 96,427,404

North Carolina 7,444 1,020 13.70 17,562 25,840,891

North Dakota 2,993 162 5.41 2,875 4,349,807

Ohio 21,839 2,893 13.25 30,328 45,140,161

Oklahoma 5,077 839 16.53 10,006 15,688,091

Oregon 8,389 807 9.62 8,418 14,182,911

Pennsylvania 26,289 2,947 11.21 32,320 46,607,078

Puerto Rico 5,612 1,090 19.42 9,611 6,984,595

Rhode Island 3,658 359 9.81 5,142 9,817,380

South Carolina 4,267 607 14.23 7,516 9,614,734

South Dakota 2,689 252 9.37 2,537 3,620,609

Tennessee 5,841 723 12.38 13,037 18,741,960

Texas 11,408 1,759 15.42 26,755 42,580,064

Utah 3,279 231 7.04 2,442 4,708,484

Vermont 3,201 441 13.78 3,401 5,713,192

Virgin Islands 43 19 44.19 73 67,420

Virginia 6,896 1,019 14.78 13,064 20,871,057

Washington 7,651 781 10.21 6,742 13,086,121

West Virginia 3,900 624 16.00 8,027 12,116,138

Wisconsin 9,582 741 7.73 8,081 16,949,583

Wyoming 1,231 132 10.72 2,321 3,535,565

TOTAL 395,744 49,375 12.48 596,116 $909,792,967

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[Federal Perkins Loan Cohort Default Data: Type and Control]

[Perkins Cancellations (Death, Disability, & Bankruptcy): Type and Control]

	(A)	(B)	(C)	(D)	(E)
	Borrowers Who Entered Repayment Status in 1996-97	Borrowers From (A) in Default on June 30, 1998	Cohort Default Rate	Borrowers in Default More Than 240 Days	Principal Outstanding on Loans in Default More Than 240 Days
Alabama	3,898	638	16.37	17,837	$20,592,692
Alaska	60	10	16.67	210	256,582
Arizona	3,994	765	19.15	7,100	11,199,225
Arkansas	2,119	316	14.91	6,199	8,185,326
California	36,905	4,528	12.27	39,969	73,246,458
Colorado	8,249	884	10.72	9,061	14,246,949
Connecticut	3,997	473	11.83	6,224	9,779,703
Delaware	1,014	96	9.47	957	1,251,835
District of Columbia	2,118	235	11.10	3,460	6,711,959
Florida	10,671	1,821	17.06	17,241	26,923,562
Georgia	6,003	1,086	18.09	14,242	18,300,279
Hawaii	963	121	12.56	1,538	3,012,630
Idaho	2,389	341	14.27	2,421	3,524,449
Illinois	15,650	1,756	11.22	21,234	34,114,456
Indiana	11,133	1,343	12.06	10,564	18,814,165
Iowa	9,575	1,029	10.75	9,965	14,762,463
Kansas	5,550	775	13.96	8,518	14,254,702
Kentucky	5,273	665	12.61	8,985	12,583,953
Louisiana	4,306	702	16.30	15,774	18,568,801
Maine	3,605	390	10.82	3,546	6,229,114
Maryland	6,601	736	11.15	7,872	12,065,488
Massachusetts	18,213	2,002	10.99	23,435	36,310,218
Michigan	15,132	1,747	11.55	21,493	29,725,295
Minnesota	9,453	831	8.79	7,924	15,549,047
Mississippi	3,272	553	16.90	16,974	15,671,292
Missouri	9,626	1,316	13.67	13,374	21,216,988
Montana	2,387	228	9.55	2,689	4,085,741
Nebraska	4,666	573	12.28	3,812	5,424,718
Nevada	493	64	12.98	402	769,449
New Hampshire	3,546	458	12.92	4,044	7,141,869
New Jersey	7,421	1,030	13.88	14,767	21,185,834
New Mexico	3,082	394	12.78	4,644	7,444,480
New York	33,091	4,023	12.16	59,383	96,427,404
North Carolina	7,444	1,020	13.70	17,562	25,840,891
North Dakota	2,993	162	5.41	2,875	4,349,807
Ohio	21,839	2,893	13.25	30,328	45,140,161
Oklahoma	5,077	839	16.53	10,006	15,688,091
Oregon	8,389	807	9.62	8,418	14,182,911
Pennsylvania	26,289	2,947	11.21	32,320	46,607,078
Puerto Rico	5,612	1,090	19.42	9,611	6,984,595
Rhode Island	3,658	359	9.81	5,142	9,817,380
South Carolina	4,267	607	14.23	7,516	9,614,734
South Dakota	2,689	252	9.37	2,537	3,620,609
Tennessee	5,841	723	12.38	13,037	18,741,960
Texas	11,408	1,759	15.42	26,755	42,580,064
Utah	3,279	231	7.04	2,442	4,708,484
Vermont	3,201	441	13.78	3,401	5,713,192
Virgin Islands	43	19	44.19	73	67,420
Virginia	6,896	1,019	14.78	13,064	20,871,057
Washington	7,651	781	10.21	6,742	13,086,121
West Virginia	3,900	624	16.00	8,027	12,116,138
Wisconsin	9,582	741	7.73	8,081	16,949,583
Wyoming	1,231	132	10.72	2,321	3,535,565

TOTAL	395,744	49,375	12.48	596,116	$909,792,967