Our cohort loan default rates have been decreasing!.  We've tracking our cohort loan default rates since 2010. In 2010 our rate was 29.9, in 2011 it was 24.7, in 2012 it was 23.8, and 2013 it was 22.7.  The draft cohort default rate for 2014 is 13.8 as recently provided by the Federal Government. 

What is a default rate? A cohort default rate is the percentage of CR student borrowers who enter repayment on certain loans during a particular federal fiscal year, October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.  Why is measuring the default rate important and what does it do for us?  Lenders use this rate to determine their risk exposure.  Making progress on decreasing our default rate is strong evidence of the College’s ability to meet and exceed Accreditation Standard III.D.15 “The institution monitors and managers student default rates…”

 The College owes a big Thank You to Rianne Connor, Joy Bessette, and Morgan Thompson for their tremendous work.  It's good to recognize the tremendous work that our colleagues do to support student success and contribute to the long term health of our District!