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National Student Loan Cohort Default Rate Falls

The U.S. Department of Education (Department) today announced that the Fiscal Year (FY) 2015 national federal student loan cohort default rate (also referred to as the CDR) decreased by 6.1 percent compared to the FY 2014 national rate, from 11.5 percent to 10.8 percent. The FY 2015 CDR represents the lowest national cohort default rate since the three-year rate was first released in 2012.