Official Cohort Default Rates for

Lenders and Guaranty Agencies
Fiscal Years 2003 through 2005

Each year the Department publishes cohort default rates based on the percentage of a lender's or guarantor's student borrowers who enter repayment on FFEL program loans during a federal fiscal year (October 1 - September 30) and default before the end of the next fiscal year.

The Department of Education releases official cohort default rates once per year. The FY 2005 official cohort default rates were mailed to lenders and guarantors on September 10, 2007. During a press release on September 10, Secretary Spellings announced that the FY 2005 national cohort default rate average is 4.6 percent.

To search the cohort default rate database for one or more lenders or guarantors:

Search fiscal year 2005    

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Search fiscal year 2003