STEPS to ENROLL     |     APPLY NOW     |     REGISTER for COURSES     |     MyMERCER     |    

Federal Student Loan Cohort Default Rate

A 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 next fiscal year.

Please refer to the Cohort Default Rate Guide for a more in-depth description of cohort default rates and how the rates are calculated.

You can research the CDRs of other institutions at: Official School Cohort Default Rate Search (ed.gov)