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Default Rates

Federal student loans are borrowed funds that must be repaid with interest. Failure to repay a loan can result in default. The reports below show default rates and default recoveries for the federal student loan programs.

Cohort Default Rates by school, lender, state and institution type
Budget Lifetime and Cumulative Lifetime Default Rates
Federal Perkins Loan Program Status of Default (Orange Book)
New Direct Loan Defaults
Default Recoveries by Private Collection Agency

Glossary

Default

Failure to repay a loan according to the terms agreed to in the promissory note. For most federal student loans, you will default if you have not made a payment in more than 270 days. You may ...

Interest

A loan expense charged for the use of borrowed money. Interest is paid by a borrower to a lender. The expense is calculated as a percentage of the unpaid principal amount of the loan.

Federal Student Loan

A loan funded by the federal government to help pay for your education. A federal student loan is borrowed money you must repay with interest.

Collection Agency

An entity that recovers unpaid debt from borrowers who have defaulted on their loans.

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Default Rates

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Interest

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Prepare for College

Types of Aid

Who Gets Aid

FAFSA: Applying for Aid

How to Repay Your Loans

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Default

Default Rates

Glossary

Default

Interest

Federal Student Loan

Collection Agency