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A 3-year cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.  

The U.S Department of Education releases official cohort default rates once per year.  The FY2012 official 3-year cohort default rates were delivered to both domestic and foreign schools on September 28, 2015.  

The 3-year cohort default rates for the School of Visual Arts for the past three years is listed below. 

Category FY2012 FY2011 FY2010
Number in Default 57  59 75
Number in Repayment  926 828 817
SVA Default Rate   6.1% 7.1% 9.1%

Default Rate for all Schools

11.8% 13.7% 14.7%



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