Issued National Student Loan Cohort Default Rates

date
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
25

22.4
21.4

20
17.8
17.2

15
Percentage

15

11.6
10.7
10.4
9.6
10 8.8
4.6
6.9

5
Presenter Name(s) 5.6
5.9
5.4 5.2
4.5
5.1 4.6

0
1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
 CDR FY 2003 - FY 2005
National Total Borrowers Entering Repayment
4.5% 5.1% 4.6%

CDR CDR
100%
CDR
7.3% 8.2%
19% 21% 8.6% 21%
90%
CDR CDR CDR
80% 14% 7.4% 15% 7.9% 15% 7.6%
70%
CDR
60% CDR CDR
3.0%
3.2% 2.7%
50%

40% 66% 64% 65%

30%

20%

10%

0%
2003 2004 2005
Stacks may not sum
to 100% due to
rounding. Public and Private 4-yr Other Schools Proprietary Schools

2
 Federal Family Education Loan and Federal Direct Loan
Cohort Default Rates
Institutional Default Rate Reduction Initiative Comparison of
FY 2003, FY 2004, and FY 2005 Cohort Default Rates

3
 Issued
Schools Subject to Sanctions
date
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
700
642

600
Number of Schools

500
433
402
400
330

300
236

200
138

100 0
42
Sanctions
11 6 4 0 1 0 0
0
0
1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005

The school numbers are pre-appeal and include only schools impacted by the three years of 25% or greater
sanction. A school can be on extended sanction and is therefore reflected in multiple year counts. Since
1991, 1,161 unique schools were sanctioned under the three years of 25% or greater sanction.