Cohort Default Rate

The U.S. Department of Education releases official cohort default rates once per year.

As defined by the U.S. Department of Education, a cohort default rate is the “percentage of a school’s borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan Program loans during a particular federal fiscal year, October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.” Please note that these loans include both Federal Direct Subsidized and Unsubsidized Loans, but do not include Federal Direct Parent PLUS or Graduate PLUS Loans.

The most recent data was published by the Department of Education on October 4, 2023.

The University of Mississippi Cohort Default Rate is 0%. The National Cohort Default Rate is also 0%. Please note the following from the U.S. Department of Education about the current Cohort Default Rates on this page: As expected, FY 2020 cohort default rates were significantly impacted by the pause on federal student loan payments that began March 13, 2020. During the pause, borrowers with ED-held student loans were not required to make any payments, and no borrowers with ED-held loans entered default. (https://fsapartners.ed.gov/knowledge-center/library/electronic-announcements/2023-09-29/national-default-rate-briefing-fy-2020-official-cohort-default-rates)

Please refer to the following page for the official cohort default rates for schools:

Official Cohort Default Rate For Schools

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