Student Loan Cohort Default Rates
Each year, the U.S. Department of Education provides Official Cohort Default Rates among 成人视频 students who have graduated. The default rate is the percentage of an institution鈥檚 borrowers who enter repayment on certain federal loans during a fiscal year and default within three fiscal years. Federal fiscal years (FY) begin Oct. 1 and end Sept. 30 and each fiscal year refers to the calendar year in which it ends.
An institution risks losing federal financial aid if the default rate exceeds 30%; 成人视频 strives to minimize student default on loans and the reports show a default rate of less than 5% since FY 2013.
Title IV institutions are required to disclose Cohort Default Rates and the Higher Learning Commission is evaluating whether to include loan repayment outcomes as measures of student success. See
| Cohort Fiscal Year | Official Default Rate | Number of Borrowers in Default | Number of Borrowers in Repayment | Enrollment Figures | Percentage Calculation |
|---|---|---|---|---|---|
| 2020 | 0 | 0 | 2,605 | 13,937 | 18.69% |
| 2019 | 0.7 | 22 | 2,821 | 14,785 | 19.08% |
| 2018 | 2.7 | 76 | 2,793 | 15,244 | 18.32% |
Note: Official Cohort Default Rate Reports are available to the public and may be downloaded into PDF files. Use the and enter the name of an institution (use OPEID #003471 for 成人视频). Also see 成人视频 Financial Aid Website for additional information.
Cohort Default Rate Comparisons
| School | FY09 | FY10 | FY11 | FY12 | FY13 | FY14 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| South Dakota State University | 4.6% | 5.1% | 4.2% | 4.6% | 4.0% | 4.8% | 4.8% | 4.2% | 3.8% | 2.7% | 0.7% | 0.0% | 0.0% |
| Public (all) | 2.3% | 0.0% | 0.0% | ||||||||||
| Public (4-Year) | 1.8% | 0.0% | 0.0% | ||||||||||
| Private | 1.7% | 0.0% | 0.0% | ||||||||||
| South Dakota^ | 8.5% | 10.9% | 9.1% | 8.2% | 7.6% | 8.6% | 7.9% | 6.6% | 6.6% | 5.2% | 1.3% | 0.0% | 0.0% |
| Totals | 11.3% | 11.5% | 10.8% | 10.1% | 9.7% | 7.3% | 2.3% | 0.0% | 0.0% |
^ All South Dakota institutions minus 成人视频 and type-three institutions.
* Default Rates for FY20 and FY21 are 0% due to pauses in loan payments during the pandemic.
