Title IV Loan Default Rates

Default rates for all academic programs

FY 2020 FY 2019 FY 2018
No. in default
0 1 2
Default Rate
0.0% 0.3% 0.8%
No. in Repay
0 321 250

The U.S. Department of Education releases official cohort default rates once per year. For FY 2020, the 3-year national cohort default rate is 0.0%.  The FY2020 cohort default rates were significantly impacted by the pause on federal student loan payments that began March 13, 2020.  During the pause, borrowers with ED-held student loans were not required to make any payments, and no borrowers with ED-held loans entered default.