KYCOM Student Loan Default Rates

Fiscal Year20122013201420152016
Number of Students in Repayment 19295727892
Three-Year Cohort Default Rate0.01.10.02.61.1

Note: (1) THESE ARE KYCOM ONLY STUDENTS. The phrase “cohort default period” refers to the three-year period that begins on October 1 of the fiscal year when the borrower enters repayment and ends on September 30 of the second fiscal year following the fiscal year in which the borrower entered repayment. This is the period during which a borrower’s default affects the school’s cohort default rate. Cohort default rates are based on federal fiscal years. Federal fiscal years begin October 1 of a calendar year and end on September 30 of the following calendar year. Each federal fiscal year refers to the calendar year in which it ends. The phrase “cohort fiscal year” or “cohort year” refers to the fiscal year for which the cohort default rate is calculated. For example, when calculating the 2014 cohort default rate, the cohort fiscal year is FY 2014 (October 1, 2013 to September 30, 2014).