{"id":1005,"date":"2012-12-18T13:26:26","date_gmt":"2012-12-18T19:26:26","guid":{"rendered":"https:\/\/wp.stolaf.edu\/financialaid\/?page_id=1005"},"modified":"2025-03-13T14:57:06","modified_gmt":"2025-03-13T19:57:06","slug":"default-rate-history","status":"publish","type":"page","link":"https:\/\/wp.stolaf.edu\/financialaid\/default-rate-history\/","title":{"rendered":"Loan Default Rate History"},"content":{"rendered":"<div data-modular-content-collection><h3>Recent Federal Loan Default Rate History at St Olaf College<\/h3>\n<p>The United States Department of Education calculates and publishes the rate at which each cohort of borrowers default on federal student loans. You can search their database at their website: <a href=\"https:\/\/nsldsfap.ed.gov\/cdr-searchable-database\/school\/search\">Searchable Default Database<\/a>.<\/p>\n<p>St Olaf&#8217;s recent default rate history can be found in the following table <strong>(all numbers are percentages)<\/strong>:<\/p>\n<table style=\"height: 194px;\" border=\"1\" width=\"609\">\n<tbody>\n<tr>\n<td style=\"text-align: center; vertical-align: middle;\">Fiscal Year<\/td>\n<td style=\"text-align: center; vertical-align: middle;\">St Olaf 3-Year Cohort Default Rate*<\/td>\n<td style=\"text-align: center; vertical-align: middle;\">National 3-Year Cohort Default Rate*<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; vertical-align: middle;\">2021<\/td>\n<td style=\"text-align: center; vertical-align: middle;\">0.0<\/td>\n<td style=\"text-align: center; vertical-align: middle;\">0.0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; vertical-align: middle;\">2020<\/td>\n<td style=\"text-align: center; vertical-align: middle;\">0.0<\/td>\n<td style=\"text-align: center; vertical-align: middle;\">0.0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; vertical-align: middle;\">2019<\/td>\n<td style=\"text-align: center; vertical-align: middle;\">0.5<\/td>\n<td style=\"text-align: center; vertical-align: middle;\">2.3<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; vertical-align: middle;\">2018<\/td>\n<td style=\"text-align: center; vertical-align: middle;\">0.8<\/td>\n<td style=\"text-align: center; vertical-align: middle;\">7.3<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; vertical-align: middle;\">2017<\/td>\n<td style=\"text-align: center; vertical-align: middle;\">1.0<\/td>\n<td style=\"text-align: center; vertical-align: middle;\">9.7<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; vertical-align: middle;\">2016<\/td>\n<td style=\"text-align: center; vertical-align: middle;\">0.5<\/td>\n<td style=\"text-align: center; vertical-align: middle;\">10.1<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; vertical-align: middle;\">2015<\/td>\n<td style=\"text-align: center; vertical-align: middle;\">0.7<\/td>\n<td style=\"text-align: center; vertical-align: middle;\">10.8<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; vertical-align: middle;\">2014<\/td>\n<td style=\"text-align: center; vertical-align: middle;\">1.0<\/td>\n<td style=\"text-align: center; vertical-align: middle;\">11.5<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; vertical-align: middle;\">2013<\/td>\n<td style=\"text-align: center; vertical-align: middle;\">0.7<\/td>\n<td style=\"text-align: center; vertical-align: middle;\">11.3<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center; vertical-align: middle;\">2012<\/td>\n<td style=\"text-align: center; vertical-align: middle;\">0.5<\/td>\n<td style=\"text-align: center; vertical-align: middle;\">11.8<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>* = the three-year cohort default rate only became available starting in September 2012. For information about the two-year default rate in previous years, please contact the <a href=\"mailto:finaid@stolaf.edu\">Financial Aid Office<\/a>.<\/p>\n<p><!-- begin-migrated-from-panel-builder --><!-- end-migrated-from-panel-builder --><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Recent Federal Loan Default Rate History at St Olaf College The United States Department of Education calculates and publishes the rate at which each cohort of borrowers default on federal [&hellip;]<\/p>\n","protected":false},"author":26,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-1005","page","type-page","status-publish","hentry"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/wp.stolaf.edu\/financialaid\/wp-json\/wp\/v2\/pages\/1005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wp.stolaf.edu\/financialaid\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/wp.stolaf.edu\/financialaid\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/wp.stolaf.edu\/financialaid\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/wp.stolaf.edu\/financialaid\/wp-json\/wp\/v2\/comments?post=1005"}],"version-history":[{"count":15,"href":"https:\/\/wp.stolaf.edu\/financialaid\/wp-json\/wp\/v2\/pages\/1005\/revisions"}],"predecessor-version":[{"id":4812,"href":"https:\/\/wp.stolaf.edu\/financialaid\/wp-json\/wp\/v2\/pages\/1005\/revisions\/4812"}],"wp:attachment":[{"href":"https:\/\/wp.stolaf.edu\/financialaid\/wp-json\/wp\/v2\/media?parent=1005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}