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Student Financial Aid Profile 1998-2007 |
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Source
James Fore
Office of Student Financial Services
Award information is given by academic year (i.e., 2007 = Fall 2006 through Summer 2007)
a June 30, 1993, the Department of Education initiated a new default rate calculation for the Perkins Loan Program. The new default rate calculation, called the Cohort Default Rate, looks at borrowers entering repayment in a specific one-year period. As of June 30, 2007, the Cohort Default Rate for the Perkins Loan Program was 2.63% for the Year Ending June 30, 2007.
b Principal and interest, investment income and late fees.
c As of June 30, 2007 overall default rates.
d Previously reported 2005 figures revised.

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