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Southern Careers InstituteFEDERAL COHORT DEFAULT RATE

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Southern Careers Institute-Austin and its branches have a federal student loan cohort default rate (CDR) of 7.5 percent, which is above the national CDR rate of 7.3 percent. This CDR rate represents the percentage of the school’s borrowers who entered repayment on federal loan programs (either FFEL or Direct Student Loans) during the 2018 fiscal year tracking period and subsequently defaulted on their student loans prior to September 30, 2020. 

THREE-YEAR OFFICIAL COHORT DEFAULT RATES

FISCAL YEAR

2018

2017

2016

Default rate

7.5%

19.5%

24.3%

Number in default

225

585

639

Number in repayment

2,989

2,990

2,624

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