U.S. Department of Education: Promoting Educational Excellence for all Americans - Link to ED.gov Home Page
Federal Student Loan Programs Data Book  -  FY 1997-FY 2000
Part IV  FFEL Program and FDLP Defaults and Collections CONTENTS    < BACK    NEXT >

 

 

 

To view the following table in an accessible format please go to http://www.ed.gov/finaid/prof/resources/data/fslpdata97-01/table52.xls.
These files are in Microsoft Excel format. If you do not have Excel, you can access the files by downloading the free Excel viewer at: http://office.microsoft.com/downloads/2000/xlviewer.aspx.

Table 52b. - Federal Family Education Loan (FFEL) program cohort default rate for guaranty agencies: FY 19811

Guaranty agency

Borrower default rate* (%)

Number of borrowers in default

Number of borrowers in repayment

Arkansas

7.2

826

11,500

California

7.3

8,604

117,497

Colorado

6.8

1,902

27,800

Connecticut

7.3

973

13,304

ECMC

6.5

1,538

23,505

Florida

8.4

4,196

49,687

Georgia

8.8

1,862

21,120

Illinois

5.8

3,075

53,040

Iowa

5.4

956

17,583

Kentucky

9.3

2,382

25,499

Louisiana

9.0

1,708

18,887

Maine

5.4

540

10,088

Massachusetts

6.0

2,995

50,303

Michigan

8.1

2,764

34,309

Missouri

8.7

1,833

21,099

Montana

9.4

681

7,234

Nebraska

7.8

1,724

22,162

New Hampshire

2.2

295

13,176

New Jersey

7.0

1,895

27,087

New Mexico

1.1

5

469

New York

7.3

7,914

108,599

North Carolina

5.3

741

14,107

North Dakota

0.0

2

9,632

Oklahoma

7.9

2,027

25,603

Oregon

6.0

599

9,949

Pennsylvania

5.4

7,533

139,452

Rhode Island

10.3

1,135

11,047

South Carolina

1.9

259

13,420

South Dakota

3.2

340

10,530

Tennessee

10.1

2,674

26,460

Texas

9.4

8,872

94,333

USAF

6.8

26,269

389,053

Utah

3.5

635

17,895

Vermont

3.4

228

6,670

Washington

7.8

2,539

32,614

Wisconsin

5.8

8,590

147,515


Rank

Guaranty agency

Default rate (%)

1

Rhode Island

10.3

2

Tennessee

10.1

3

Montana

9.4

4

Texas

9.4

5

Kentucky

9.3

6

Louisiana

9.0

7

Georgia

8.8

8

Missouri

8.7

9

Florida

8.4

10

Michigan

8.1

11

Oklahoma

7.9

12

Washington

7.8

13

Nebraska

7.8

14

California

7.3

15

Connecticut

7.3

16

New York

7.3

17

Arkansas

7.2

18

New Jersey

7.0

19

Colorado

6.8

20

USAF

6.8

21

ECMC

6.5

22

Oregon

6.0

23

Massachusetts

6.0

24

Wisconsin

5.8

25

Illinois

5.8

26

Iowa

5.4

27

Pennsylvania

5.4

28

Maine

5.4

29

North Carolina

5.3

30

Utah

3.5

31

Vermont

3.4

32

South Dakota

3.2

33

New Hampshire

2.2

34

South Carolina

1.9

35

New Mexico

1.1

36

North Dakota

0.0

* The borrower cohort default rate is the fraction of borrowers entering repayment in a given fiscal year who default by the end of the following fiscal year

1 As a result of the Higher Education Amendments of 1998, effective October 7, 1998, the definition of defaultchanged from 180 days of delinquency to 270 days of delinquency.

SOURCE: U.S. Department of Education, Office of Postsecondary Education, Office of Student Financial Assistance Programs

 

Part IV  FFEL Program and FDLP Defaults and Collections CONTENTS    < BACK    NEXT >
Federal Student Loan Programs Data Book  -  FY 1997-FY 2000