Official Cohort Default Rates for

Lenders and Guaranty Agencies
Fiscal Years 2004 through 2006

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 2006 official cohort default rates were mailed to lenders and guarantors on September 15, 2008. During a press release on September 15, Secretary Spellings announced that the FY 2006 national cohort default rate average is 5.2 percent.

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

Search fiscal year 2006    

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Search fiscal year 2004