Florida National University is proud to announce that our most recent Cohort Default Rate, as calculated by the U.S. Department of Education, has reached a new low of 9.6%, which is below the National Cohort Default Rate, as well as the sector-specific rates for public and for-profit institutions. The national and sector-specific rates announced by the Department of Education are:
National Cohort Default Rate: 10.8%
Public Institutions 10.3%
Private Nonprofit Institution 7.1%
For-Profit Institution 15.6%
Source: https://www.nasfaa.org/news-item/16317/New_ED_Data_Show_National_Student_Loan_Cohort_Default_Rate_Drops_6_Percent
