Loan Default Rate

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.

• Loan Payment Calculator

For more information, please contact our office by e-mail at SFS@geneva.edu.