Figure CL-6. Two-year student loan cohort default rates at degree-granting institutions, by level and control of institution: Fiscal years 2006–2008
NOTE: Includes undergraduate and postbaccalaureate students. Degree-granting institutions grant associate’s or higher degrees and participate in Title IV federal financial aid programs. The 2-year cohort default rate is the percentage of borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (a fiscal year runs from October 1 to September 30) and default or meet other specified conditions within the cohort default period. The cohort default period is the two-year period that begins on October 1 of the fiscal year when the borrower enters repayment and ends on September 30 of the following fiscal year. For more information on the Integrated Postsecondary Data System (IPEDS) and IPEDS classification of institutions, see supplemental notes 3 and 8.