The U.S. Department of Education annually produces federal student loan default rates. The default rate is a measure of the percentage of federal loan borrowers in the Federal Family Education Loan Program or the William D. Ford Federal Direct Loan Program who enter default in a prescribed time period. The default rate includes Stafford loans but excludes PLUS or Perkins Loans.
This indicator shows the federal student loan default rate for FSU in comparison with the average default rates of public four-year institutions and all institutions (national). Each year's default rate is calculated based upon borrowers who entered repayment in that fiscal year but who subsequently defaulted. For example, the 2013 Fiscal Year default rate is calculated on borrowers who entered repayment in 2013 but defaulted in 2013, 2014, or 2015. A school with a default rate of 30 percent or more for three consecutive years, or a rate of 40 percent for one year, faces the loss of access to federal funds.
Additional information regarding federal student loan default rates is available at the U.S. Department of Education's federal student loan default website.
Revised October 2016