This Just In: Default Rate Goes Down

The financial aid office is also pleased to announce that our draft 2008 co-hort default rate is down to 11.1 percent which is down from 12.5 percent in 2007! The official 2008 rate will be available in September and we hope that it’s even lower.

This rate gives us an indication of how many of our students that received federal student loans are now in default (from a “co-hort” group of students from 2008).