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
| FY2018 | FY2017 | FY2016 | |
|---|---|---|---|
| Default Rate | 4.7 | 6.3 | 6.7 |
| No. in Default | 51 | 79 | 82 |
| No. in Repay | 1077 | 1243 | 1215 |
| Enrollment Figures | 3521 | 3820 | 3721 |
| Percentage Calculation | 30.5% | 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.