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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 FY2013 official 3-year cohort default rates were delivered to both domestic and foreign schools on September 25, 2017.  

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

Category FY2014 FY2013 FY2012
Number in Default    52  65 57
Number in Repayment   874 862 926
SVA Default Rate   5.9% 7.5% 6.1%

National 3-Year Default Rate

11.5% 11.3% 11.8%

 

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