Office of Financial Aid

Cohort Default Rate

A cohort default rate is the percentage of a school’s borrowers in the U.S. who enter repayment of federal student loans during a fiscal year and default within the cohort default period. The Department of Education calculates the school’s Cohort Default Rate (CDR).

Cohort default rates are based on federal fiscal years. Federal fiscal years begin October 1 of a calendar year and end on September 30th of the following calendar year. Each federal fiscal year refers to the calendar year in which it ends.

Default

Default is a student's failure to repay a loan according to the terms agreed to in the promissory note. For most federal student loans, you will default if you have not made a payment in more than 270 days. If you default on a federal student loan, you lose eligibility to receive federal student aid and you may experience serious legal consequences.

Cohort Default Rate
Cohort	Morgan State University's Default Rate	National Average Default Rate
2018	12.6%	11.5%
2019	6%	3.17%
2020	0%	0%

For 2019-2020, 4,668 out of 6,988 Morgan undergraduates took out any student loan, or 66.8%

Please refer to the Cohort Default Rate Guide for a more in-depth description of cohort default rates and see how Morgan State University compares to other colleges.

Should you have any questions or concerns regarding our cohort default rate notification process or any other financial aid matters, please do not hesitate to contact our Financial Aid Office for assistance.