The US Department of Education provides official student loan cohort default rates by school, along with the national average. For schools having 30 or more borrowers entering repayment in a fiscal year, the school’s cohort default rate is the percentage of a school’s borrowers who enter repayment on certain Federal Family Education Loans (FFELs) and/or William D. Ford Federal Direct Loans (Direct Loans) during that fiscal year and default (or meet the other specified condition) within the cohort default period.
Currently, about 70-75% of Geneva students borrow federal loans, and our cohort default rate in 2016 was 4.6% (compared to 10.1% national average.)
How much would my monthly loan payments be based on these averages? Check out our Loan Payment Calculator.
For more information, please contact our office by e-mail at SFS@geneva.edu.