A cohort default rate is the percentage of a school’s borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the next fiscal year. This is compared to the national rate.
North Central Missouri College
| Fiscal Year | 3yr Official Cohort Default Rate |
|---|---|
| FY 2020 | 0.0% |
| FY 2019 | 1.6% |
| FY 2018 | 10.6% |
| FY 2017 | 15.0% |
| FY 2016 | 14.3% |
| FY 2015 | 13.8% |
| FY 2014 | 16.3% |
| FY 2013 | 15.4% |
| FY 2012 | 18.7% |
National
| Fiscal Year | 3yr Official Cohort Default Rate |
|---|---|
| FY 2020 | 0.0% |
| FY 2019 | 2.3% |
| FY 2018 | 7.3% |
| FY 2017 | 9.7% |
| FY 2016 | 10.1% |
| FY 2015 | 10.8% |
| FY 2014 | 11.5% |
| FY 2013 | 11.3% |
| FY 2012 | 11.8% |
For a more in-depth description of cohort default rates and how the rates are calculated please refer to the Cohort Default Rate Guide.