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.
|No. in Default||51||79||82|
|No. in Repay||1077||1243||1215|
National Average Cohort Default Rate
Year Default Rate
67% of students receive federal student loans from King University with a median total debt after graduation of $22,500.