What is a Cohort Default Rate?
A Cohort Default Rate (CDR) measures the percentage of federal student loan borrowers who enter repayment during a federal fiscal year and default on their loans within the period measured by the U.S. Department of Education.
The CDR is one indicator of how successfully borrowers manage repayment of their federal student loans after leaving college.
| Cohort Fiscal Year | FLCC CDR | National CDR |
|---|---|---|
| 2022 | 0.00% | 0.00% |
| 2021 | 0.00% | 0.00% |
| 2020 | 0.3% | 0.00% |
FLCC's Cohort Default Rates remain very low. The College's fiscal years 2021 and 2022 rates matched the national 0.0% rate published by the U.S. Department of Education.
The fiscal year 2020 rate was 0.3%, with 4 of the 1,166 borrowers who entered repayment in default.
National Cohort Default Rates for fiscal years 2020 through 2022 were significantly affected by the federal student loan repayment pause that was in effect during the COVID-19 pandemic.
Student loans can help make college more affordable, but they are a financial obligation that must be repaid.
FLCC encourages you to:
- Borrow only what is needed to cover educational expenses.
- Understand the terms and conditions of their loans before borrowing money.
- Complete entrance and exit counseling when required.
- Contact their loan servicer if they have difficulty making payments.
- Explore repayment options offered by the U.S. Department of Education.
For more information about federal student loans and repayment options, visit the federal student aid website.
The U.S. Department of Education publishes Cohort Default Rates annually. You can find additional information on the Federal Student Aid website.
For questions related to financial aid, please contact the One Stop Center as your first point of contact. They will guide your next steps.
Federal College code: 007532
State College code: 2256