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Cohort Default Rate

A cohort default rate is the percentage of a school’s borrowers who enter repayment on federal student loans during a particular fiscal year, Oct 1 to Sept. 30, and default within the cohort default period.

The Department of Education calculated the school’s cohort default rate by dividing the number of borrowers from the school entering repayment in a cohort year and default within a 3-year period divided by the number of borrowers from the school entering repayment in the cohort year.                 

King University - Cohort Default Rates - FY 2018, 2017, and 2016
 FY2018FY2017FY2016
Default Rate4.76.36.7
No. in Default517982
No. in Repay107712431215
Enrollment Figures352138203721
Percentage Calculation30.5%32.5%32.6%

 National Average Cohort Default Rate

 Year                             Default Rate

2018 7.3%

 

67% of students receive federal student loans from King University with a median total debt after graduation of $22,500.