|Figure 49-2: Two-year student loan cohort default rates at degree-granting institutions, by level and control of institution: Fiscal years 2006-08|
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 and default or meet other specified conditions within the cohort default period, which 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. Default rates were calculated using student counts by institution from the Federal Student Aid Cohort Default Rate Database and the Integrated Postsecondary Data System (IPEDS) classification of institution level and control. For more information on IPEDS and IPEDS classification of institutions, see supplemental notes 3 and 8.
SOURCE: U.S. Department of Education, Federal Student Aid, Direct Loan and Federal Family Education Loan Programs, Cohort Default Rate Database, retrieved November 5, 2010, from http://www2.ed.gov/offices/OSFAP/defaultmanagement/cdr.html