The fiscal year 2008 official Cohort Default Rates (CDR) were released from the U.S. Department of Education on September 13, 2010.
A cohort default rate is the percentage of a school’s borrowers who enter repayment on particular Federal Family Education Loan Program or William D. Ford Federal Direct Loan Program loans during a specific federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the next fiscal year.
IUP’s CDR for fiscal year 2008 is 4.6 percent. To compare, the national average for the same fiscal year is 7 percent, and the average for all Pennsylvania schools is 5.8 percent.
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