Cohort Default Rates

The cohort default rate is calculated using actual payment records of the student borrower. A 3-year cohort default rate is the percentage of a school’s 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 (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year. Repayment begins 6 months after a student is no longer enrolled for at least 6 credit hours. Default occurs when a student is in repayment, but fails to make their payment for 270 days or more.

The most recent data (FY17) was published by the Department of Education on September 28, 2020.

The FY 2017 national cohort default rate is 9.7 percent. The Department released a summary of the FY 2017 official cohort default rates by institution type.

The numbers below represent the most recent three cohort default rates.

Cohort Year	Year Published	Clovis Community College
Loans in this group first entered repayment during this federal fiscal year.	The official cohort default rate was calculated and announced to the public during this calendar year.	The cohort default rate for loans used to attend CCC.
2015	2018	17.0%
2016	2019	16.3%
2017	2020	20.0%