Great News! The latest official cohort default rates have been released.  If you’re unfamiliar with this term, the default rate is the percentage of students who fail to repay their student loans according to the terms of their promissory notes.

Our 2012 rate is 23.8% which is down from the 2011 rate of 24.75%.  The decrease is due in large part due to the hard work of our Financial Literacy Advising Specialist, Joy Bessette, in reaching out to borrowers in delinquent status.  Using personal contact as the primary contact method, Joy helps students understand the repayment and deferment options available to them. 

Thank you Joy for making a positive impact on our students!