Institutional 2-year cohort default rates (CDR) for the Stafford loan program have just been released by the U.S. Department of Education (ED). The newly released rates reflect continued financial and employment hardships faced by recent college graduates.
For community colleges, the Fiscal Year (FY) 2010 CDR was 13.4 percent for the most recent cohort, up from 11.9 percent the previous year. The average default rate for all institutions was 9.1 percent.