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Cohort Default Rate

A cohort default rate is the percentage of a school's borrowers in the U.S. who enter repayment on certain loans during a federal fiscal year (October 1 to September 30) and default prior to the end of the next one to two fiscal years. The United States Department of Education (ED) releases official cohort default rates once per year.

Important Note: Some schools have a small number of borrowers entering repayment. Other schools have only a small portion of the student body taking out student loans. In such cases, the cohort default rate should be interpreted with caution as these rates may not be reflective of the entire school population.

CNM’s 2016 draft CDR is 21.4% and will not be official until October 1, 2019.

2015 Official CDR 2015 National Average Official CDR for public community college
24.3% 16.7%