Cohort Default Rate

Cohort Default Rate

The Cohort Default Rate is defined as the percentage of a college’s student borrowers who enter repayment on Federal Direct Loans during a specific fiscal year and default on those loans within the cohort default period.  It is calculated annually by the U.S. Department of Education.  The cohort default period refers to the cohort of student loan borrowers who entered repayment on their Federal Direct Loans between Oct. 1, 2019, and Sept. 30, 2020, and who defaulted between Oct. 1, 2019, and Sept. 30, 2022.

A student defaults on a federal loan after at least 270 days (nine months) of non-payment.  Defaulting on a loan has several serious consequences, including adding significantly to the cost of a loan and ruining the borrower’s credit score.

As expected, the cohort default rate was significantly impacted by the pause on federal student loan payments that began March 13, 2020. During the pause, borrowers with federal student loans were not required to make any payments, and no borrowers with federal student loans entered default.

Davidson-Davie Community College’s Cohort Default Rate: 0%

National Average: 0%

Visit Repaying Your Student Loans for information on how to avoid defaulting on your Federal Direct Loans.