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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 FY2015 FY2014 FY2013
Number in Default   34  52 65
Number in Repayment   871 874 862
SVA Default Rate   4.1% 5.9% 7.5%

National 3-Year Default Rate

    * 11.5% 11.3%

 * The National 3-year Cohort Default rate for FY 2015 won't be officially released until later this year (September 2018).

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