福利姬

A student is considered to be in default on a student loan if they have not made a payment in more than 270 days. The official student loan default rate for a school is calculated by measuring how many students are in default three years after graduation. Note that the default rate only takes into account federal loans, not private.

According to , Loan default rates can serve students as an indicator for college affordability. The Fiscal Year 2019鈥檚 3 Year Cohort Default Rate (CDR) for 福利姬 is 1.3%. This includes 4,790 borrowers in repayment during the 2017 Fiscal Year. Those students were tracked over a three year period and 63 of them defaulted on their student loans.

The Department of Education does not have the national FY 2019 3 year CDR published, so for comparison, 福利姬鈥檚 FY 2018 3 year CDR was 6.2%. This included 294 defaulted borrowers out of 4,677 in repayment. The national 3 year CDR was 7.3%.

With the pause of student loan repayments, there is a nationwide decrease in the 3 year CDR since borrowers are not required to make payment. See .