Cohort Default Rate
The three-year student loan cohort default rates from the Department of Education are released each fall. Default rates are measured by the number of students who enter repayment vs. the number of students who default within a specific time frame.
Default rates are a factor in determining eligibility for Title IV financial aid programs and can be a measure of a school’s administrative capability. Asbury Seminary’s current rate is 4.4% vs. the national average of 9.7%.