Federal Student Loan Two-Year Cohort Default Rates over Time

By Sept. 11, 2012, 10% of borrowers who entered repayment in 2010-11 had defaulted on their federal student loans. This was the highest two-year cohort default rate since FY 1995, but the default rates were 21% and 22% in 1989 and 1990, respectively.

Figure 12B: Federal Student Loan Two-Year Cohort Default Rate (CDR), 1987–2011
Notes & Sources 

SOURCE: U.S. Department of Education (www2.ed.gov/offices/OSFAP/defaultmanagement/defaultrates.html).